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( Related to Checkpoint 9 . 2 ) ( Yield to maturity ) Abner Corporation's bonds mature in 2 4 years and pay 8 percent

(

Related to Checkpoint

9.2) (

Yield to maturity

)

Abner Corporation's bonds mature in

24

years and pay

8

percent interest annually. If you purchase the bonds for $

1, 075,

what is

your yield to maturity?

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