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29-02-2024
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Sandra owns a bond issued by animite energy with a par value of $1,000. the bond pays 7.6% interest yearly and has a market rate of 93.411 when sandra bought it. what is the current yield on sandraï¿½s bond?
a. 0.076
b. 0.074
c. 0.081
d. 0.089

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