(Bondholders' expected rate of return) The market price is

$1,150

for a 15-year bond (

$1,000

par value) that pays 11 percent interest ( 5.5 percent semiannually). What is the bond's expected rate of return?\ The bond's expected annual rate of return is

9.14%

. (Round to two decimal places.)

(Bondholders' expected rate of return) The market price is $1,150 for a 15 -year bond ($1,000 par value) that pays 11 percent interest ( 5.5 percent semiannually). What is the bond's expected rate of return? The bond's expected annual rate of return is 9.14%. (Round to two decimal places.)