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Calculate the current yield on the descibed bond A $1500. Treasury Bond with a coupon rate of 5.1% that has a market value of $1350.

Calculate the current yield on the descibed bond A $1500. Treasury Bond with a coupon rate of 5.1% that has a market value of $1350.

THE CURRENT YIELD IS _______. (Round to two decimal places as needed).

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