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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 years. What is the yield...

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 the​ bonds? What is the current​ yield?


a. The yield to maturity on the bond is


​%. ​(Round to two decimal​ places.)

b. The current yield is


​%. ​(Round to two decimal​ places.)

Top Answer

a.   The yield to maturity on... View the full answer

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Other Answers

solved part a given that market price MP =$893 coupon rate = 8.65% coupon amount = 1000 x 0.0865... View the full answer

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