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The Timberlake-Jackson Wardrobe Co. has 10 percent coupon bonds on the market with nine years...

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Accounting

The Timberlake-Jackson Wardrobe Co. has 10 percent coupon bonds on the market with nine years left to maturity. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $1,045.70, what is the YTM? 9.45% 9.88% 9.23% 9.62%
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The Timberlake-Jackson Wardrobe Co. has 10 percent coupon bonds on the market with nine years left to maturity. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $1,045.70, what is the YTM? 9.45% 9.88% 9.23% 9.62%

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