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4. Bond Yields. The Timberlake Jackson Wardrobe Co. has 8 percent coupon bonds on the market with nine years left to maturity. The bonds make

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4. Bond Yields. The Timberlake Jackson Wardrobe Co. has 8 percent coupon bonds on the market with nine years left to maturity. The bonds make annual payments. If the bond currently sells for $1,047.50, what is its YTM

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