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The bonds of B&C, Inc. are currently priced at $ 1,234.64 and have a 5.25 percent coupon. The bonds pay interest semi-annually and mature in

The bonds of B&C, Inc. are currently priced at $ 1,234.64 and have a 5.25 percent coupon. The bonds pay interest semi-annually and mature in 12 years. What is the current yield, in percentage, on these bonds?

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