$4-1$ MyFinanceLab Assignment

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Question $8,$ P$9-14($similarto$)$

HW Score: $33\mathrm{.}06\%,16\mathrm{.}53$ of $50$ points

$($Related to Checkpoint $9\mathrm{.}2)($Yield to maturity$)$ Abner Corporation's bonds mature in $19$ years and pay $12$ percent interest annually. If you purchase the bonds for $$1,175,$ whiat is your yield to maturity?

Your yield to maturity on the Abner bonds is $\%.($Roultd to two decimal places.$)$