Exxon mobil bonds expected rate of return

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Exxon Mobil 20-year bonds pay 6 percent interest annually on a $1,000 par value. If bonds sell at $945, what is the bonds' expected rate of return?

Reference no: EM132342075

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Exxon mobil bonds expected rate of return : Exxon Mobil 20-year bonds pay 6 percent interest annually on a $1,000 par value. If bonds sell at $945, what is the bonds' expected rate of return?
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