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The XYZ bond pays interest semiannually. Its par value is $1,000, it has a coupon rate of 6.5% and is currently quoted at 101.23. What

The XYZ bond pays interest semiannually. Its par value is $1,000, it has a coupon rate of 6.5% and is currently quoted at 101.23. What is the current yield on this bond?

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