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Time Warner has bonds that are selling for $ 893 The coupon interest rate on the bonds is 8.65 percent and they mature in 28

Time Warner has bonds that are selling for $ 893 The coupon interest rate on the bonds is 8.65 percent and they mature in 28 years. What is the yield to maturity on thebonds? What is the currentyield?

a. The yield to maturity on the bond is

%. (Round to two decimalplaces.)

b. The current yield is

%. (Round to two decimalplaces.)

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