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

(

Related to Checkpoint

9.2) (

Yield to maturity

)

Abner Corporation's bonds mature in

22

years and pay

13

percent interest annually. If you purchase the bonds for $

950,

what is your yield to maturity?

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