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The Timberlake Jackson Wardrobe Co. has 11.9 percent coupon bonds on the market with seven years left to maturity. The bonds make annual payments. Required:

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The Timberlake Jackson Wardrobe Co. has 11.9 percent coupon bonds on the market with seven years left to maturity. The bonds make annual payments. Required: If the bond currently sells for $1113.46, 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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