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Sakara Co. bonds are selling in the market for $975. These 18-year bonds pay 13 percent interest annually on a $1,000 par value. If they

Sakara Co. bonds are selling in the market for

$975.

These

18-year

bonds pay

13

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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