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Test: Chapter 7 lest TRI US: 110.TU SU han This Question: 1 pt 13 of 22 (0 complete) This Test: 22 pts possible (Bond valuation)

Test: Chapter 7 lest TRI US: 110.TU SU han This Question: 1 pt 13 of 22 (0 complete) This Test: 22 pts possible (Bond valuation) ExxonMobil 11-year bonds pay 11 percent interest annually on a $1,000 par value. If the bonds sell at $800, what is the bonds' expected rate of return? The bonds' expected rate of return is % (Round to two decimal places)

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