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A bond has a face value of $15000 and pays an annual coupon rate of 6.7%. The bond is selling for $14660 now and is

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A bond has a face value of $15000 and pays an annual coupon rate of 6.7%. The bond is selling for $14660 now and is expected to be sold for $15220 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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