Abner corporations bonds mature in 16 years and pay 12


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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Finance Basics: Abner corporations bonds mature in 16 years and pay 12
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