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(Sordholders' expected rate of return) Zenith Co.'s bonds mature in 8 years and pay 11 percent interest annually. If you purchase the bonds for $1,000,

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(Sordholders' expected rate of return) Zenith Co.'s bonds mature in 8 years and pay 11 percent interest annually. If you purchase the bonds for $1,000, what is your expected rate of return? Your expected rate of retum is Round to two decimal places)

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