$3$

$1$ point

A bond is selling today for $$1,022\mathrm{.}27.$ The bond has a coupon of $7\mathrm{.}34\%$ semi$-$annually, a par value of $$1,000,$ and a maturity of $18$ years. What is the current yield on this bond? Enter your answer rounded to three decimals and as a decimal. For example $15\mathrm{.}76\%$ you would enter as $0\mathrm{.}158.$

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