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Bondholders' expected rate of return you own a bond that has a par value of $1,000 and matures in 16 years. It paye anal coupon

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Bondholders' expected rate of return you own a bond that has a par value of $1,000 and matures in 16 years. It paye anal coupon rate of 12 percent. The bond curly well for $800 What is the band's expected to retur? The bends expected role of retumis Round to two decimales)

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