Score: 0 of 1 pt 1 of 6 (0 complete) HW Score: 0%, 0 of 6 Instructor-created question Peter Marvin purchased a bond for $1,100. The coupon rate of 8 percent, which is paid semiannually Maturity of this bond is 7 years and has a par value of 51,000. What is the expected rate of return? His expected rate of retum is % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer Clear A All parts showing w vazin O