Question: ( Expected rate of return and current yield ) Time Warner has bonds that are selling for $ 6 7 8 . The coupon interest

(Expected rate of return and current yield) Time Warner has bonds that are selling for $678.
The coupon interest rate on the bonds is 10.05 percent and they mature in 27 years. What is
the yield to maturity on the bonds? What is the current yield?
a. The yield to maturity on the bond is
%.(Round to two decimal places.)
(Expected rate of return and current yield) Time Warner has bonds

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