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Time Warner has bonds that are selling for $682. The coupon interest rate on the bonds is 10.95 percent and they mature in 15 years.
Time Warner has bonds that are selling for $682. The coupon interest rate on the bonds is 10.95 percent and they mature in 15 years.
a) The yield to maturity on the bond is______% (Round to two decimal places.)
b) The current yield is ____% (Round to two decimal places.)
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