The timberlake-jackson wardrobe co has 101 percent coupon, Financial Management

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The timberlake-jackson wardrobe co has 101 percent coupon

The Timberlake-Jackson Wardrobe Co. has 10.1 percent coupon bonds on the market with ten years left to maturity. The bonds make annual payments.

Required:

If the bond currently sells for $1,155.73, what is its YTM? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Yield to maturity %

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Financial Management: The timberlake-jackson wardrobe co has 101 percent coupon

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Financial Management: The timberlake-jackson wardrobe co has 101 percent coupon

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