The Timberlake$-$Jackson Wardrobe Co$.$ has $10\mathrm{.}8$ percent coupon

bonds on the market with eight years left to maturity. The bonds

make annual payments and have a par value of $$1,000.$

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If the bonds currently sell for $$1,129\mathrm{.}70,$ what is the

YTM$?($Do not round intermediate calculations and enter

your answer as a percent rounded to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.)$

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Yield to maturity

$\%$