The timberlake-jackson wardrobe co has 116 percent coupon, Ask an Expert

Finance

The Timberlake-Jackson Wardrobe Co. has 11.6 percent coupon bonds on the market with ten years left to maturity. The bonds make annual payments.

Required:

If the bond currently sells for $1,145.68, what is its YTM? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16))

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91265840

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