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(Bondholders' expected rate of return) You purchased a bond for $1,125. The bond has a coupon rate of 7 percent, which is paid semiannually. It

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(Bondholders' expected rate of return) You purchased a bond for $1,125. The bond has a coupon rate of 7 percent, which is paid semiannually. It matures in 7 years and has a par value of $1,000. What is your expected rate of return? Your expected rate of return is \% (Round to two decimal places)

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