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Ackerman Co. has 9 percent coupon bonds on the market with eight years left to maturity.

Ackerman Co. has 9 percent coupon bonds on the market with eight years left to maturity. The bonds make annual payments. If the bond currently sells for $1,123.94, what is its YTM?

a.) 10.08%

b.) 11.15%

c.) 13.15%

d.) 8.07%

e.) 6.93%

Dec 02 2019 Read more Less More

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