Percent coupon bonds on the market


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The Timberlake-Jackson Wardrobe Co. has 11.5 percent coupon bonds on the market with nine years left to maturity. The bonds make annual payments.

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Question: If the bond currently sells for $1,136.78, what is its YTM?

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Finance Basics: Percent coupon bonds on the market
Reference No:- TGS0878210

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