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29-01-2024
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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 had a market rate of 93.411 when sandra bought it. if the current market rate of animite energy bonds is 102.382, what is the current yield on sandra's bond?
a. 0.076
b. 0.074
c. 0.081
d. 0.089

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