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9. What is the expected rate of return on a bond that matures in 7...

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9. What is the expected rate of return on a bond that matures in 7 years, has a par value of $1,000, a coupon rate of 14 percent, and is currently selling for $919? Round your answer to the nearest whole percent, and assume annual coupon payments. A. 2.42% B. 4.04% C. 4.85% D. 8.08%

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