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(Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 18 years and pay 9 percent interest annually. If you purchase the
(Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 18 years and pay 9 percent interest annually. If you purchase the bonds for $950, what is your yield to maturity? Your yield to maturity on the Abner bonds is %. (Round to two decimal places.)
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