Exxon 20 year bonds pay 9 coupon annually on a $1,000 par value If the bond sells for $800 , what is the bonds expected rate of return Please use financial calculator and write down steps to get answer

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Exxon 20-year bonds pay 9% coupon annually on a $1,000 par value. If the bond sells for $800 , what is the bonds expected rate

Exxon 20-year bonds pay 9% coupon annually on a $1,000 par value. If the bond sells for $800, what is the bonds expected rate of return?

***Please use financial calculator and write down steps to get answer***

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