Question
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
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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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
