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Bond A has the following features: Face value = $1,000, Coupon Rate = 5%, Maturity = 9 years, Yearly coupons The market interest rate is

Bond A has the following features:

Face value = $1,000,

Coupon Rate = 5%,

Maturity = 9 years, Yearly coupons

The market interest rate is 6.15%

What is the current yield for bond A from today to year 1?

Calculate your answer to 2 decimal places (e.g., 5.23)

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