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Assuming a market rate of 7.2% over all maturities, the current yield of a bond with a coupon rate of 6.6%, paying semi-annual coupons,

 

Assuming a market rate of 7.2% over all maturities, the current yield of a bond with a coupon rate of 6.6%, paying semi-annual coupons, with 8 years to maturity is: % (Face value is $1,000) (Note: please retain at least 4 decimals in your calculations and at least 2 decimals in the final answer.)

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