(Bond valuation) ExxonMobil 13-year bonds pay 9 percent interest annually on a $1,000 par value. If the bonds sell at $825, what is the bonds' expected rate of return? The bonds' expected rate of return is %. (Round to two decimal places) a $1,000 par value. If the bonds sell at $825, what is the bonds' expected rate of return? (Bond valuation) ExxonMobil 13-year bonds pay 9 percent interest annually on a $1,000 The bonds' expected rate of return is %. (Round to two decimal places.)