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(Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 23 years and pay 9 percent interest annually. If you purchase the bonds
(Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 23 years and pay 9 percent interest annually. If you purchase the bonds for $925, what is your yield to maturity? Your yield to maturity on the Abner bonds is 1\%. (Round to two decimal places.)
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Comparative Public Budgeting
Authors: George M Guess
2nd Edition
1316648109, 978-1316648100
