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Jaeger, Inc. bonds have a 6 . 4 5 % coupon rate with semiannual coupon payments. They have 1 6 years to maturity and a

Jaeger, Inc. bonds have a 6.45% coupon rate with semiannual coupon payments. They have 16 years to maturity and a par value of $1,000. What is the current yield of the bond if the bond is selling at a market price of $873.73? Submit your answer as a percentage and round to two decimal places (Ex.0.00%)
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