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(Yield to maturity)Abner Corporation's bonds mature in 24 years and pay 11% interest annually. If you purchase the bonds for $1,225, what is your yield

(Yield to maturity)Abner Corporation's bonds mature in 24 years and pay 11% interest annually. If you purchase the bonds for $1,225, what is your yield to maturity?

Your yield to maturity on the Abner bonds is

(Round to two decimal places.)

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