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(Relaled to Checkpoint 9.2) (Yield to maturity) Abner Cocporation's bonds mature in 25 years and pay 12 percent interest annually. If you purchase the bonds

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(Relaled to Checkpoint 9.2) (Yield to maturity) Abner Cocporation's bonds mature in 25 years and pay 12 percent interest annually. If you purchase the bonds for $1,300, what is your yiveld to maturity? Your vield to matuiliy on the Abner bonids is 4 (Round to two decinal places)

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