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(Bondholders' expected rate of return) You purchased a bond for $1000. The bond has a coupon rate of 5 percent, which is paid semiannually. It

(Bondholders' expected rate of return) You purchased a bond for $1000. The bond has a coupon rate of 5 percent, which is paid semiannually. It matures in 12 years and has a par value of $1000. What is your expected rate of return? Your expected rate of return is _________. (Round to two decimal places.)

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