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Problem 7-8 (similar to) Question Help (Bond valuation) ExxonMobil 15 year bonds pay 8 percent interest annually on a $1,000 par value. If the bonds

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Problem 7-8 (similar to) Question Help (Bond valuation) ExxonMobil 15 year bonds pay 8 percent interest annually on a $1,000 par value. If the bonds sell at $1,125, what is the bonds' expected rate of return? The bonds' expected rate of return is % (Round to two decimal places.)

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