Question: (Expected rate of return and current yield) Time Warner has bonds that are selling for $1,187. The coupon interest rate on the bonds is 9.45

(Expected rate of return and current yield) Time Warner has bonds

(Expected rate of return and current yield) Time Warner has bonds that are selling for $1,187. The coupon interest rate on the bonds is 9.45 percent and they mature in 17 years. What is the yield to maturity on the bonds? What is the current yield? %. (Round to two decimal places.) a. The yield to maturity on the bond is

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