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Firm X has 6.53 percent coupon bonds on the market with 7 years to maturity. The bonds make semiannual payments and currently sell for 97

Firm X has 6.53 percent coupon bonds on the market with 7 years to maturity. The bonds make semiannual payments and currently sell for 97 percent of par. What is the current yield (in percent) on X's bonds?

Answer to two decimals.

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