Ackerman Co. has 10 percent coupon bonds on the market with nine years left to maturity....

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Finance

Ackerman Co. has 10 percent coupon bonds on the market with nineyears left to maturity. The bonds make annual payments. If the bondcurrently sells for $965.16, what is its YTM? Assume a par value of$1,000
0.62%
9.39%
10.23%
9.74%
11.39%
Kiss the Sky Enterprises has bonds on the market making annualpayments, with 9 years to maturity, and selling for $780. At thisprice, the bonds yield 7.2 percent. What must the coupon rate be onthe bonds?
3.89%
7.59%
3.79%
7.20%
4.86%

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Ackerman Co. has 10 percent coupon bonds on the market with nineyears left to maturity. The bonds make annual payments. If the bondcurrently sells for $965.16, what is its YTM? Assume a par value of$1,0000.62%9.39%10.23%9.74%11.39%Kiss the Sky Enterprises has bonds on the market making annualpayments, with 9 years to maturity, and selling for $780. At thisprice, the bonds yield 7.2 percent. What must the coupon rate be onthe bonds?3.89%7.59%3.79%7.20%4.86%