Bond currently sells, If the bond currently sells for $1,124.97, what is its YTM? Note:, Accounting Basics

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Bond currently sells

The Timberlake-Jackson Wardrobe Co. has 11.8 percent coupon bonds on the market with eight years left to maturity. The bonds make annual payments.

Required:

If the bond currently sells for $1,124.97, what is its YTM?

Note: Show supporting computations in good form.

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Accounting Basics: Bond currently sells

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