What is the yield to maturity on the bonds

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(Assume the par value is $1,000) Time warner has bonds that are selling for $1,371. The coupon interest rate on the bonds is 9.15 percent and they mature in 21 years. What is the yield to maturity on the bonds? What is the current yield? 

Reference no: EM13857843

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What is the yield to maturity on the bonds : (Assume the par value is $1,000) Time warner has bonds that are selling for $1,371. The coupon interest rate on the bonds is 9.15 percent and they mature in 21 years. What is the yield to maturity on the bonds? What is the current yield?
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