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Eldorado Resorts Inc. has a bond with 6% coupon rate and $1,000 par. The bond has 14 years till maturity and sells for $950 on

Eldorado Resorts Inc. has a bond with 6% coupon rate and $1,000 par. The bond has 14 years till maturity and sells for $950 on the bond market. What is the current yield on the bond? (Do not use Excel)

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