Recently, Chrysler bonds closed at 103. The coupon rate was 12.75. The current yield...

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...on these bonds was? Recently, Chrysler bonds closed at 103. The coupon rate was 12.75. The current yield on these bonds was
A. 103 percent.

B. 3 percent.

C. 12.75 percent.

D. less than 12.75 percent
 
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