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A bond matures in 8 years and with a coupon rate of 7.8 percent. Coupons are paid semi-annually. The bond has a face value of

A bond matures in 8 years and with a coupon rate of 7.8 percent. Coupons are paid semi-annually. The bond has a face value of $1,000 and currently sells for $866.36. What is the bonds current yield (enter answer as a percentage)?

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