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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. What is the yield to maturity on the bonds? What is the current yield?

1.) The yield to maturity on the bond is______% (Round to two decimal places.)

2.) The current yield is ____% (Round to two decimal places.)

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