Question: ( Expected rate of return and current yield ) Time Warner has bonds that are selling for $ 1 , 1 5 4 . The

(Expected rate of return and current yield) Time Warner has bonds that are selling for $1,154. The coupon interest rate on the bonds is 8.80 percent
and they mature in 18 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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