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Abner Corporation's bonds mature in 19 years and pay 12 percent interest annually. If you purchase the bonds for $825 , what is your yield

Abner Corporation's bonds mature in 19 years and pay 12 percent interest annually. If you purchase the bonds for $825 , what is your yield to maturity?

Your yield to maturity on the Abner bonds is _ %.

(Round to two decimal places.)

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