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Bond yields the timberlake-jackson wardrobe co has 7

Question: Bond Yields. The Timberlake-Jackson Wardrobe Co. has 7 percent coupon bonds on the market with 9 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $961.50, what is the YTM?

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Finance Basics: Bond yields the timberlake-jackson wardrobe co has 7

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