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Rudy Sandberg wants to invest in four-year bonds that are currently priced at $768. These bonds have a coupon rate of 4.62 percent and make

Rudy Sandberg wants to invest in four-year bonds that are currently priced at $768. These bonds have a coupon rate of 4.62 percent and make semiannual coupon payments. What is the current market yield on this bond? (Round answer to 2 decimal places, e.g. 15.25%.)

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