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A 17-year bond with a par value of $1,000, and interest rate of 9 percent interest (4.5 percent semiannually). The current market price of the

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A 17-year bond with a par value of $1,000, and interest rate of 9 percent interest (4.5 percent semiannually). The current market price of the bond is $1,125. This bond's expected rate of return will be %. (Round to two decimal places.)

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