Abner​ Corporation's bonds mature in 22 years and pay 9 percent interest annually. If you purchase the bonds for ​$1,300​, what is your yield to​ maturity? Your yield to maturity on the Abner bonds is nothing​%.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 9P
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​(Related to Checkpoint​ 9.2)  ​(Yield to​ maturity)  Abner​ Corporation's bonds mature in
22
years and pay
9
percent interest annually. If you purchase the bonds for
​$1,300​,
what is your yield to​ maturity?
Your yield to maturity on the Abner bonds is
nothing​%.
​(Round to two decimal​ places.)
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