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Madison, Inc. has a bond issue currently on the market that is trading for a price of $ 1 , 1 3 7 . The

Madison, Inc. has a bond issue currently on the market that is trading for a price of $1,137. The bond has a face value of $1,000 and a coupon rate of 10.56. What is the bond's current yield? State your answer as a percentage to 2 decimal places. Do not include the % symbol.
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