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Firm X has 6 . 7 5 percent coupon bonds on the market with 2 3 years to maturity. The bonds make semiannual payments and

Firm X has 6.75 percent coupon bonds on the market with 23 years to maturity. The bonds make semiannual payments and currently sell for 104.61 percent of par. What is the current yield on X's bonds? Answer in percent to two decimals.

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