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Rolling Company bonds have a coupon rate of 4.4 percent, 23 years to maturity, and a current price of $1,077. The current yield? (Do not

Rolling Company bonds have a coupon rate of 4.4 percent, 23 years to maturity, and a current price of $1,077. The current yield? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

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