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The Timberlake-Jackson Wardrobe Co. has 11.4 percent coupon bonds on the market with seven years left to maturity. The bonds make annual payments. Required: If
| The Timberlake-Jackson Wardrobe Co. has 11.4 percent coupon bonds on the market with seven years left to maturity. The bonds make annual payments. |
| Required: |
| If the bond currently sells for $1,115.37, what is its YTM? |
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