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a bond has a face value Marks A bond has a face value of $70000 and pays an annual coupon rate of 6.8%. The bond

a bond has a face value
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Marks A bond has a face value of $70000 and pays an annual coupon rate of 6.8%. The bond is selling for $68936 now and is expected to be sold for $69055 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.) Finish altemp Next page 26 Previous page 28 29 30 27

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