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The ABC Wardrobe Co. has 10.7 percent coupon bonds on the market with eleven years left...

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Finance

The ABC Wardrobe Co. has 10.7 percent coupon bonds on the marketwith eleven years left to maturity. The bonds make semiannualpayments and have a par value of $1000. If the bonds currently sellfor $1,161.06, what is the YTM

Answer & Explanation Solved by verified expert
4.1 Ratings (829 Votes)
Yield to maturity of YTM of the Bond The Yield to maturity of YTM of the Bond is calculated using financial calculator as follows Normally the YTM is    See Answer
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Transcribed Image Text

The ABC Wardrobe Co. has 10.7 percent coupon bonds on the marketwith eleven years left to maturity. The bonds make semiannualpayments and have a par value of $1000. If the bonds currently sellfor $1,161.06, what is the YTM

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