Question: What is the current yield for a bond that has a coupon rate of 5.4% paid annually, a par value of $1000, and 28 years

What is the current yield for a bond that has a coupon rate of 5.4% paid annually, a par value of $1000, and 28 years to maturity? Investors require a return of 4.5% from the bond. (Round to 100 th of a percent and enter as a percentage, e.g.12.34\% as 12.34)

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