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What is the expected rate of return of the fifteen year

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Point 1: ?(Bond valuation?) You own a 15?-year, ?$1,000 par value bond paying 7 percent interest annually. The market price of the bond is ?$850, and your required rate of return is 10 percent.

Question a. What is the expected rate of return of the 15?-year, ?$1,000 par value bond paying 7 percent interest annually if its market price is ?$850??

Reference no: EM132488251

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