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The market price is $800 for a 9-yearbond ($1000 par value) that pays 9 percent interest (

The market price is $800 for a 9-yearbond ($1000 par value) that pays 9 percent interest (

The market price is $800 for a 9-yearbond ($1000 par value) that pays 9 percent interest (4.5 percent semiannually). What is the bond's expected rate of return?

Abhinav 30-Nov-2019

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