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Ackerman Co. has 10 percent coupon bonds on the market with thirteen years left to maturity. The bonds make annual payments. I the bond currently

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Ackerman Co. has 10 percent coupon bonds on the market with thirteen years left to maturity. The bonds make annual payments. I the bond currently sells for $1,33464, what is its YTM? Assume a par value of $1,000. 12.5 points 03:02:10 Multiple Choice 11.26% 14.36% 618% 9.07%

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