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(Bond valuation) ExxonMobil 17 year bonds pay 8 percent interest annually on a $1,000 par value. If the bonds soll at $1,050, what is the

(Bond valuation) ExxonMobil 17 year bonds pay 8 percent interest annually on a $1,000 par value. If the bonds soll at $1,050, what is the bonds expected rate of return The bonds expected rate of return is (Round to two decimal places)

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