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AbnerCorporation's bonds mature in 16 years and pay 14 percent interest annually. If you purchase the bonds for $1,300, what is your yield tomaturity? Your

AbnerCorporation's bonds mature in 16 years and pay 14 percent interest annually. If you purchase the bonds for $1,300, what is your yield tomaturity?

Your yield to maturity on the Abner bonds is ____%. (Round to two decimalplaces.)

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