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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?

Note: Please provide full description.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91148112

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