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Suppose you read in The Wall Street Journal that a $1,000 par value, 8 year, 6%, semi-annual bond is trading at $984. If your

Suppose you read in The Wall Street Journal that a $1,000 par value, 8 year, 6%, semi-annual bond is trading at $984. If your required rate of return is 6%, what would be the bond's current yield? (Round your answer to two decimal point)

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