24 Do Well Bonds Have A Face Value Of 1 000 And Are Currently Quoted At 86 725 The B 2458983

24) Do-Well bonds have a face value of $1,000 and are currently quoted at 86.725. The bonds have a 7 percent coupon rate. What is the current yield on these bonds?

A) 8.07 percent

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B) 8.47 percent

C) 7.67 percent

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E) 9.03 percent