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(Current yield) Assume you have a bond with a semi-annual interest payment of $60, a par value of $1,000, and a current market price

(Current yield) Assume you have a bond with a semi-annual interest payment of $60, a par value of $1,000, and a current market price of $860. What is the current yield of the bond? The current yield of the bond is %. (Round to two decimal places.).

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