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Sakara Co. bonds are selling in the market for $875. These 15-year bonds pay 14 percent interest annually on a $1,000 par value. If they

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Sakara Co. bonds are selling in the market for $875. These 15-year bonds pay 14 percent interest annually on a $1,000 par value. If they are purchased at the market price, what is the expected rate of return? The bond's expected rate of return is % (Round to two decimal places.)

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