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)(Yield to maturity)Abner Corporation's bonds mature in 25 years and pay 11 percent interest annually. If you purchase the bonds for $1,275, what is your

)(Yield to maturity)Abner Corporation's bonds mature in 25 years and pay 11 percent interest annually. If you purchase the bonds for $1,275, what is your yield to maturity?

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

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