P9-14 (Yield tomaturity) AbnerCorporation's bonds mature in 19 years and pay 14 percent interest annually. If you
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Question:
P9-14(Yield tomaturity) AbnerCorporation's bonds mature in 19 years and pay 14 percent interest annually. If you purchase the bonds for $725, what is your yield tomaturity?
Your yield to maturity on the Abner bonds is ______________%. (Round to two decimalplaces.)
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