(Bonds valuation) ExxonMobil 20 year bonds pay 9 percent interest annually on a $1,000 par value. If bonds sell at $945, what is the bonds expected rate of return?

(Bonds valuation) ExxonMobil 20 year bonds pay 9 percent interest annually on a $1,000 par value. If bonds sell at $945, what is the bonds expected rate of return?








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