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You own a 20 year, 1,000 par value bond paying 6 percent interest annually . The market price of the bond is 900, and your
You own a 20 year, 1,000 par value bond paying 6 percent interest annually . The market price of the bond is 900, and your required rate of return is 8 percent. What is the expected rate of return of the 20 year , 1000 par value bond paying 6 percent interest annually. If it's market price is 900
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