Question: Calculate the current yield on the described bond. A $ 2 0 0 0 Treasury bond with a coupon rate of 4 . 5 %

Calculate the current yield on the described bond.
A $2000 Treasury bond with a coupon rate of 4.5% that has a market value of $1775
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Part 1
The current yield is
enter your response here%.(Round to two decimal places as needed.)

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