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Johnson Corporation's $1000 par value bonds carry a coupon rate of 6.20% paid semi-annually. The bonds have 8 years until maturity and are currently trading

Johnson Corporation's $1000 par value bonds carry a coupon rate of 6.20% paid semi-annually. The bonds have 8 years until maturity and are currently trading at $1020. What is the expected rate of return for an investor who buys the bond today at the going price? [ 5 points]

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