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What is the current yield on a $5,000 Government of Canada bond paying a 6%...

What is the current yield on a $5,000 Government of Canada bond paying a 6% coupon and trading at a price of $102 (rounding to the nearest hundredth)?

A.

5.88%

B.

4.90%

C.

6.12%

D.

6.00%

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