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e) Consider a thirty-year, 7.5% coupon, semi-annual bond. A broker quotes a price of $1050. What is the bond's rate of return? [Show all steps,

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e) Consider a thirty-year, 7.5% coupon, semi-annual bond. A broker quotes a price of $1050. What is the bond's rate of return? [Show all steps, workings, and formula(s) clearly. Round final answer to two decimal places, where applicable.] (2.5 marks) Click here to enter text

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