If you are willing to pay $1,077 for a 15-year $1,000 par value bond that pays 9 percent interest semiannually,what is your expected rate of return?

Name: If you are willing to pay $1,077 for a 15-year $1,000 par value bond that pays 9 percent interest semiannually,what is your expected rate of return?
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The Answer of If you are willing to pay $1,077 for a 15-year $1,000 par value bond that pays 9 percent interest semiannually,what is your expected rate of return?

If You Are Willing to Pay $1,077 for a 15-Year