What is the current yield of the bond

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Wilhelm Corp. bonds have a 6.39% coupon rate with semi-annual coupon payments. They have 8 years to maturity and a par value of $1,000. What is the current yield of the bond if the bond is selling at a market price of $933.08? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%)

Reference no: EM132379836

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