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Michelle Walker wants to invest in four-year bonds that are currently price at $863.38. These bonds have a coupon rate of 5.3 percent and make

Michelle Walker wants to invest in four-year bonds that are currently price at $863.38. These bonds have a coupon rate of 5.3 percent and make semiannual coupon payments. What is the current market yield on this bond? (Round intermediate calculations to 5 decimal places, eg. 1.25145 and final answer to 2 decimal places, e.g. 15.25%)

Current market yield ____%

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