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Compute the current yield on a bond with a yield to maturity of 1 2 . 0 % , a par value of $ 1

Compute the current yield on a bond with a yield to maturity of 12.0%, a par value of $1000, a coupon rate of 3.1% paid semi-annually, a remaining life of 14 years? (Round to 100th of a percent and enter as a percentage, e.g.12.34% as 12.34 and state as an annual rate.)
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