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Assuming that the annual bond discount rate (or market rate) is 6.4% for all maturities and a face value of a bond of $1,000. The

Assuming that the annual bond discount rate (or market rate) is 6.4% for all maturities and a face value of a bond of $1,000. The current yield of the bond with a coupon rate of 8.6%, paying semi-annual coupons, with 8 years to maturity is_____?

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