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Jed is considering purchasing a 11% bond that has 9 years to maturity. Jeds required return on the bond is 10.1% and he has been

Jed is considering purchasing a 11% bond that has 9 years to maturity. Jeds required return on the bond is 10.1% and he has been offered the bond at a price of $1,124. What excess return does the bond offer Jed?

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