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(Related to Checkpoint 9.2)(Yield to maturity)Abner Corporation's bonds mature in 25 years and pay 13 percent interest annually. If you purchase the bonds for $925,

(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

$925,

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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