The Timberlake-Jackson Wardrobe Co. has 11.3 percent coupon bonds on the market with eight years left to maturity. The bonds make annual payments.

The Timberlake-Jackson Wardrobe Co. has 11.3 percent coupon bonds on the market with eight years left to maturity. The bonds make annual payments Required If the bond currently sells for $1,127.30, what is its YTM? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Round your answer to 2 decimal places (e-- 32.16).) Yield to maturity