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(Related to Checkpoint 9.2)(Yield to maturity) Abner Corporation's bonds mature in 16 years and pay 14 percent interest annually. If you purchase the bonds for

(Related to Checkpoint 9.2)(Yield to maturity)Abner Corporation's bonds mature in

years and pay

percent interest annually. If you purchase the bonds for

$1,225,

what is your yield to maturity?

Question content area bottom

Part 1

Your yield to maturity on the Abner bonds is

enter your response here%.

(Round to two decimal places.)

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