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?(Expected rate of return and current yield?) Time Warner has bonds that are selling for $ 1,197. The coupon interest rate on the bonds is

?(Expected rate of return and current yield?) Time Warner has bonds that are selling for $ 1,197. The coupon interest rate on the bonds is 10.90 percent and they mature in 17 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.)

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