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(Bondholders' expected rate of return) Zenith Co.'s bonds mature in 13 years and pay 9 percent interest annually. If you purchase the bonds for $750,

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(Bondholders' expected rate of return) Zenith Co.'s bonds mature in 13 years and pay 9 percent interest annually. If you purchase the bonds for $750, what is your expected rate of return? Your expected rate of return is 13%. (Round to two decimal places.)

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