Perry Inc'S Bonds Currently Sell for $1,150

question 100

Multiple Choice

Perry Inc.'s bonds currently sell for $1,150.They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000.What is their current yield?

• A) 7.39%
• B) 7.76%
• C) 8.15%
• D) 8.56%
• E) 8.98%

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