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17. Problem 7.17 (Bond Returns) eBook Last year Janet purchased a $1,000 face value corporate bond with an 7% annual coupon rate and a 20-year

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17. Problem 7.17 (Bond Returns) eBook Last year Janet purchased a $1,000 face value corporate bond with an 7% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 7.43%. If Janet sold the bond today for $1,008.01, what rate of returm would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places

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