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The market price is$1,025for a13-year bond ($1,000par value) that pays 8 percent interest (4 percent semiannually). What is the bond's expected rate of return? The

The market price is$1,025for a13-year bond ($1,000par value) that pays 8 percent interest (4 percent semiannually). What is the bond's expected rate of return?

The bond's expected annual rate of return is......

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