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Consider a 2 3 - year bond with 5 percent annual coupon payments. The market rate ( YTM ) is 7 . 2 percent for

Consider a 23-year bond with 5 percent annual coupon payments. The market rate (YTM) is 7.2 percent for this bond. The current yield of the bond is _______ percent. Answer it in percentage without the % sign, and round it to two decimal place, e.g.,5.69.

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