Question: Sharp Co. bonds are selling in the market for $ 1,045. These 15- year bonds pay 7 percent interest annually on a $ 1,000 par

Sharp Co. bonds are selling in the market for $ 1,045. These 15- year bonds pay 7 percent interest annually on a $ 1,000 par value. If they are purchased at the market price, what is the expected rate of return?

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