You have just purchased a regular bond. The has a coupon rate of 7.7%. Coupons are paid annually. The bond has 29 years to maturity. The bond has a face value of $10,000. You paid $9,260 for the bond. What is the current yield on the bond? (You are not being asked to calculate the yield to maturity.) Your answer should be shown as a percentage and should be accurate to two decimal places.