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( Related to Checkpoint 9 . 2 ) ( Yield to maturity ) Abner Corporation's bonds mature in 1 8 years and pay 7 percent

(Related to Checkpoint 9.2)(Yield to maturity) Abner Corporation's bonds mature in 18 years and pay 7 percent interest annually. If you purchase the bonds for $875, what is
your yield to maturity?
Your yield to maturity on the Abner bonds is
%.(Round to two decimal places.)
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