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(Current yield) Assume you have a bond with a semi-annual interest payment of $50, a par value of $1.000, and a current market price of

(Current yield) Assume you have a bond with a semi-annual interest payment of $50, a par value of $1.000, and a current market price of $780. What is the current yield of the bond? The current yield of the bond is %. (Round to two decimal places.)

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