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(Yield to maturity) Abner Corporation's bonds mature in 21 years and pay 7 percent interest annually. If you purchase the bonds for $725, what is

(Yield to maturity)

Abner Corporation's bonds mature in 21 years and pay 7 percent interest annually. If you purchase the bonds for $725, what is your yield to maturity?

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Part 1

Your yield to maturity on the Abner bonds is

enter your response here%. (Round to two decimal places.)

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