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(Borders' expected rate of retum) The market price is $1,075 for a 11-year bond ($1,000 per value) that pays 11 percent interest (5.5 percent semiannually)

(Borders' expected rate of retum) The market price is $1,075 for a 11-year bond ($1,000 per value) that pays 11 percent interest (5.5 percent semiannually) What is the band's expected to return? The band's expected annual rate of return is % (Round to two decimal places) Enter your answer in the answer box MacBook Pro 3 5 6 7 8 E R T Y C

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