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Abner Corporation's bonds mature in 16 years and pay 8 percent interest annually. If you purchase the bonds for $1, 275, what is your yield

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Abner Corporation's bonds mature in 16 years and pay 8 percent interest annually. If you purchase the bonds for $1, 275, what is your yield to maturity? Your yield to maturity on the Abner bonds is squarebox %. (Round to two decimal places.)

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