Calculate the current yield on the, Financial Management

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Calculate the current yield on the

Suppose you are given the following bond quote information:

Time to maturity: 30 years

Coupon rate: 6%

Price: 102% of par

Par Value: $1,000

Calculate the current yield on the bond. (Enter percentages as decimals and round to 4 decimals)

Please show your work.

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Financial Management: Calculate the current yield on the

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