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What was the market expected rate of interest

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Question - In 2015 ZZZ Corp sold bonds, each had a face value $1000 and coupon payments of $90 per year. ZZZ received $980 for each bond. What was the market's expected rate of interest in 2009?

A. 9.4%

B. 8.8 %

C. 8.0 %

D. 9.0 %

E. 8.33 %

Reference no: EM132017079

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