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McDonalds (a fine local dining establishment) has bonds that are selling in the market for $1,100.These 20 year bonds pay 8 percent annually on a

McDonalds (a fine local dining establishment) has bonds that are selling in the market for $1,100.These 20 year bonds pay 8 percent annually on a $1,000 par value.If the bond is purchased at market price, what is the expected rate of return?

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