Question: What is the current yield on a $1,000 face value bond that matures in 14 years, has an annual coupon rate of 8% and currently

What is the current yield on a $1,000 face value bond that matures in 14 years, has an annual coupon rate of 8% and currently sells at 94.1% of par? (Enter your percentage answer as a number rounded to 2 decimal places. For example: 10.25% would be entered as 10.25)

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