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A 6 year annual payment corporate bond has a required return of 9.5% and an 8% coupon. Its market value is $20 over its present
A 6 year annual payment corporate bond has a required return of 9.5% and an 8% coupon. Its market value is $20 over its present value (PV). Its face value is $1000. What is the bond's expected rate of return (Err)? 8.00% 10.21% 9.98% 9.03% 3.53%
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