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(Yield to maturity)Abner Corporation's bonds mature in 16 years and pay 12 percent interest annually. If you purchase the bonds for $ 1,150 , what

(Yield to maturity)Abner Corporation's bonds mature in 16 years and pay 12 percent interest annually. If you purchase the bonds for $1,150, what is your yield to maturity?

Your yield to maturity on the Abner bonds is ___ %. (Round to two decimal places.)

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