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(Bondholders' expected rate of return) You purchased a bond for $950. 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 $950. The bond has a coupon rate of 7 percent. which is paid semiannually. It matures in 17 years and has a par value of $1,000. What is your expected rate of return? Your expected rate of return is 6. (Round to two decimal fiaces.)

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