The timberlake-jackson wardrobe co has 101 percent coupon, Ask an Expert

Finance

The Timberlake-Jackson Wardrobe Co. has 10.1 percent coupon bonds on the market with ten years left to maturity.

The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $1,155.73, what is the YTM?

(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92865154

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