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A mortgage bond issued by Automation Engineering is for sale for $9,000. The bond has a face value of $10,000 with a coupon rate of

A mortgage bond issued by Automation Engineering is for sale for $9,000. The bond has a face value of $10,000 with a coupon rate of 9% per year, payable semi-annually. What rate of return will be realized if the purchaser holds the bond to maturity 7 years from now?

The rate of return will be % per year.

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