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(Expected rate of rotum and current yield) Time Warner has bonds that are seling for $1,371. The coupon irterest rate on the bonds is 9.15

(Expected rate of rotum and current yield) Time Warner has bonds that are seling for $1,371. The coupon irterest rate on the bonds is 9.15 percent and they mature in 21 years. What is the yleid to maturity on the bonds? What it the current yield? a. The yield to maturity on the bond is K. (Round to two docimal places)

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