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Jaeger, Inc. bonds have a 9.78% coupon rate with semi-annual coupon payments. They have 19 years to maturity and a par value of $1,000.

Jaeger, Inc. bonds have a 9.78% coupon rate with semi-annual coupon payments. They have 19 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 $885.77? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%)

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