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(Expected rate of return) Assume you own a bond with a market value of $800 that matures in 12 years. The par value of the

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(Expected rate of return) Assume you own a bond with a market value of $800 that matures in 12 years. The par value of the bond is $1,000 Interest payments of $35 are paid semiannually. What is your expected rate of return on the bond? Your expected rate of return on the bond is \% (Round to two decimal places.)

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