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What is the expected rate of return on a bond that matures in 8 years, has a par value of $1,000, a coupon rate of

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What is the expected rate of return on a bond that matures in 8 years, has a par value of $1,000, a coupon rate of 12%, and is currently selling for $976? Assume annual coupon payments. a. 12.5% O b. 14.5% c. 12.7% d. 14.4%

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