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the timberlake-jackson wardrobe co. has 7 percent coupon bonds on the market with 9 years left to maturity. the bonds make annual payments and have a par value of $1,000. if the bonds currently sell for $961.50, what is the ytm?



Answer :

If the bonds currently sell for $961.50,  is the yet 7.61%

How is annual pay determined?

To calculate the monthly income, divide the earned income by the number of months worked. To calculate the annualized wage, multiply the monthly income by 12 (the number of months in a year).

Describe a bond.

When they need to raise money, governments and businesses issue bonds. By purchasing a bond, you are effectively lending the issuer money. In exchange, they commit to repay you the face amount of the loan on a particular date and to make periodic interest payments—typically twice a year—along the way.

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