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(Bandholders' expected rate of retum) Zenith Co's bonds mature in 14 years and pay 9 percent interest annually. If you purchase the bonds for $1,025,

(Bandholders' expected rate of retum) Zenith Co's bonds mature in 14 years and pay 9 percent interest annually. If you purchase the bonds for $1,025, what is your expected rate of return? Your expected rate of return is % (Round to two decimal places)

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