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Bondholders' expected rate of return ) You purchased a bond for $775. The bond has a coupon rate of 11 percent, which is paid semiannually.

Bondholders' expected rate of return) You purchased a bond for $775. The bond has a coupon rate of 11 percent, which is paid semiannually. It matures in 14 years and has a par value of $1,000. What is your expected rate of return?

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