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SHOW STEP BY STEP SOLUTION ANSWER IS 6.44% PepsiCo is selling bonds for $1,100. The coupon interest rate is 7.25% and the years to maturity

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SHOW STEP BY STEP SOLUTION ANSWER IS 6.44%

PepsiCo is selling bonds for $1,100. The coupon interest rate is 7.25% and the years to maturity is 25. What is the expected rate of return for the bond

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