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A bond with a par value of $1,000 and an annual coupon has a yield to maturity of 5.70% and a current price of $960.

A bond with a par value of $1,000 and an annual coupon has a yield to maturity of 5.70% and a current price of $960. If the bond has 6 years to maturity, what is its current yield? (Show your work)

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