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Abner Corporation's bonds mature in 2 3 years and pay 1 2 percent interest annually. If you purchase the bonds for $ 9 0 0

Abner

Corporation's bonds mature in

23

years and pay

12

percent interest annually. If you purchase the bonds for

900,

what is your yield to

maturity?

Your yield to maturity on the Abner bonds is

% . (

Round to two decimal

places.

)

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