The bonds make annual payments and have a par value of 1000


The Timberlake-Jackson Wardrobe Co. has 11.3 percent coupon bonds on the market with eight years left to maturity.

The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $1,127.30, what is the YTM?

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Financial Management: The bonds make annual payments and have a par value of 1000
Reference No:- TGS02821980

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