The timberlake-jackson wardrobe co has 106 percent coupon, Ask an Expert

Finance

The Timberlake-Jackson Wardrobe Co. has 10.6 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 $1,152.27, 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.)

Yield to maturity %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92065486

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