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  3. abner corporation's bonds mature in 17 years and p

Abner Corporation's bonds mature in 17 years and pay 9 percent interest annually. If you...

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Verified Solution

Question

Accounting

Abner Corporation's bonds mature in

17

years and pay

9

percent interest annually. If you purchase the bonds for

$1,250,

what is your yield to maturity?

Your yield to maturity on the Abner bonds is

.

(Round to two decimal places.)

Answer & Explanation Solved by verified expert
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