Consider the table given below to answer the following question.

Maturity	Coupon				Bid Price				Asked Price				Chg				Asked Yield to Maturity (%)
15-02-2020		1.375				98.3281				98.3438				0.0078				2.228
15-02-2021		2.25				99.5781				99.5938				0.0313				2.391
15-02-2025		7.625				130.6719				130.6875				0.1094				2.770
15-02-2029		5.25				121.8516				121.9141				0.2344				2.908
15-02-2036		4.5				120.9063				120.9688				0.5313				2.986
15-02-2041		4.75				127.2422				127.3047				0.6641				3.084
15-02-2048		3				97.2656				97.2969				0.7266				3.140

a. What is the current yield of the 5.25% 2029 maturity bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Current yield

1.40

%