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Riley is looking to buy a bond that has 9 years to maturity and a coupon rate of 11%. His required return on the bond

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Riley is looking to buy a bond that has 9 years to maturity and a coupon rate of 11%. His required return on the bond is 10.10% and the current price of the bond is $1,124. For Riley, what excess return does the bond offer? -0.90% 204% 2.04% 1.14% 1.14% 0.90%

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