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(Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 23 yoars and pay 12 percent interest annually. If you purchase the bonds

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(Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 23 yoars and pay 12 percent interest annually. If you purchase the bonds for $1,100, what is your yield to maturity? Your yield to maturty on the Abner bonds is \%. (Hound to two docimal places.) (Rolated to Checkpoint 9.2 ) (Miold to maturity) The Saleemi Corporation's $1,000 bonds poy 12 percent interest annually and have 8 yoars until maturily. You can purchase the bond for $955. a. What is the yield to matirity on this bond? b. Should you purchase the bond if the yield to maturify on a comparable-risk bond is 11 porcent? a. The yield to maturity on the Saleemi bonds is 4. (Round to two docimal places.)

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