Suppose that today you buy a bond with an annual coupon rate of 7 percent for $

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Suppose that today you buy a bond with an annual coupon rate of $7$ percent for $ $1, 160 .$ The bond has $15$ years to maturity. What rate of return do you expect to earn on your investment? Assume a par value of $ $1, 000 .$

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Suppose that today you buy a bond with an annual coupon rate of 7 percent for $

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