Question: (Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 16 years and pay 9 percent interest annually. If you purchase the bonds

(Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 16 years and pay 9 percent interest annually. If you purchase the bonds for $1,100, what is your yield to maturity? Your yield to maturity on the Abner bonds is D%, (Round to two decimal places )

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