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( Related to Checkpoint 9 . 2 ) ( Yield to maturity ) Abner Corporation's bonds mature in 2 4 years and pay 1 3

(Related to Checkpoint 9.2)(Yield to maturity) Abner Corporation's bonds mature in 24 years and pay 13 percent interest annually. If you purchase the bonds for $1,100, what is your yield to maturity?
Your yield to maturity on the Abner bonds is
%.(Round to two decimal places.)
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