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Abner Corporation's bonds mature in 22 years and pays 12 percent interest annually. If you purchase the bonds for $1125 what is your yield to

Abner Corporation's bonds mature in

22 years and pays

12 percent interest annually. If you purchase the bonds for $1125

what is your yield to maturity?

Your yield to maturity on the Abner bonds is

%. (Round to two decimal places.)

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