uestion $7$ of $27$

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Ruth Lewis wants to invest in four$-$year bonds that are currently priced at $$865\mathrm{.}80.$ These bonds have a coupon rate of $6\mathrm{.}0$ percent and make semiannual coupon payments. What is the current market yield on this bond? $($Round intermediate calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25145$ and final answer to $2$ decimal places, e$.$g$.15\mathrm{.}25\%.)$

Current market yield

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