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(Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 19 years and pay 12 percent interest annually. If you purchase the

(Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 19 years and pay 12 percent interest annually. If you purchase the bonds for $1,300, what is your yield to maturity? Your yield to maturity on the Abner bonds is %. (Round to two decimal places.)

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