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( Bondholders' expected rate of return ) The market price is $825 for a 17-year bond ($1,000 par value) that pays 9 percent interest (4.5

(Bondholders' expected rate of return) The market price is $825 for a 17-year bond ($1,000 par value) that pays 9 percent interest (4.5 percent semiannually). What is the bond's expected rate of return?

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