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(Related to Checkpoint 9.2)(Yield to maturity)Abner Corporation's bonds mature in 24 years and pay 14 percent interest annually. If you purchase the bonds for $1

(Related to Checkpoint 9.2)(Yield to maturity)Abner Corporation's bonds mature in 24 years and pay 14 percent interest annually. If you purchase the bonds for $1 comma 125, what is your yield to maturity? Your yield to maturity on the Abner bonds is nothing%. (Round to two decimal places.)

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