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7-7: Last year, Janna bought a $1,000 face value bond with an 11% annual coupon rate and 10 years to maturity. At the time of
7-7: Last year, Janna bought a $1,000 face value bond with an 11% annual coupon rate and 10 years to maturity. At the time of purchase, the bond had an expected yield to maturity of 9.79%. . If Janna could sell the bond today for $1,060.49, calculate the rate of return she would have earned for the past year
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