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Sakara Co. bonds are selling in the market for $700. These 17-year bonds pay 8 percent interest annually on a $1,000 par value. If they

Sakara Co. bonds are selling in the market for $700. These 17-year bonds pay

8 percent interest annually on a $1,000 par value. If they are purchased at the market price, what is the expected rate of return?

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