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A bond has a yield to maturity of 7.12 percent, a 6.5 percent coupon rate, a face value of $1,000, a market price of $961.85,

A bond has a yield to maturity of 7.12 percent, a 6.5 percent coupon rate, a face value of $1,000, a market price of $961.85, and semiannual interest payments. The current yield is _____ percent and the effective annual yield is _____ percent.

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