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The Timberlake-Jackson Wardrobe Co. has 6 percent coupon bonds on the market with 8 years left to maturity. The bonds make annual payments and have
The Timberlake-Jackson Wardrobe Co. has 6 percent coupon bonds on the market with 8 years left to maturity. The bonds make annual payments and have a par value of $1000. If the bonds currently sell for $950, what if the YTM ?
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
