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Abner Corporation's bonds mature in 23 years and pay 13 percent interest annually. If you purchase the bonds for $1,225, what is your yield to

Abner Corporation's bonds mature in 23 years and pay 13 percent interest annually. If you purchase the bonds for $1,225, what is your yield to maturity?

Your yield to maturity on the Abner bonds is

enter your response here%.

(Round to two decimal places.)

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