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28 of 29 A bond has a face value of $15000 and pays an annual coupon rate of 6.2%%. The bond is selling for $14950

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28 of 29 A bond has a face value of $15000 and pays an annual coupon rate of 6.2%%. The bond is selling for $14950 now and is expected to be sold for $14810 one year from now. What is the bond's expected rate of return? Answer. (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER. ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACES.)

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