Question: You purchased a bond for $ 1,100. The bond has a coupon rate of 8 percent, which is paid semiannually. It matures in 7 years

You purchased a bond for $ 1,100. The bond has a coupon rate of 8 percent, which is paid semiannually. It matures in 7 years and has a par value of $ 1,000. What is your expected rate of return?

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