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(Expected rate of retum and current yield) Time Wamer has bonds that are selling for $755. The coupon interest rate on the bonds is 7.60

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(Expected rate of retum and current yield) Time Wamer has bonds that are selling for $755. The coupon interest rate on the bonds is 7.60 percent and they mature in 15 years. What is the yield to maturity on the bonds? What is the current yield? a. The yold to maturity on the bond is 3% (Round to two decimal places)

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