9-4: Bond Yields 9-5: Changes in Bond Values Over Time Bond returns Last year, Joan purchased a $1,000 face value corporate bond with an 12% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 11.13%. If Joan sold the bond today for $998.16, what rate of return would she have earned for the past year? Round your answer to two decimal places. %

9-4: Bond Yields Q-5: Changes in Bond Values Over Time Bond returns Last year, Joan purchased a $1,000 face value corporate bond with an 12% annual coupon rate and a 20 -year maturity. At the time of the purchase, it had an expected yield to maturity of 11.13%. If Joan sold the bond today for $998.16, what rate of return would she have earned for the past year? Round your answer to two decimal places. %