Question: Refer again to the bond information in Problem 1. You expect to hold the bond for three more years then sell it for $ 990.

Refer again to the bond information in Problem 1. You expect to hold the bond for three more years then sell it for $ 990. If the bond is expected to continue paying $ 75 per year over the next three years, what is the expected rate of return on the bond during this period?

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