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ast year Janet purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 5 -year maturity. At the time of
ast year Janet purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 5 -year maturity. At the time of the purchase, it had an expected yield to maturity of 11.33%. If Janet old the bond today for $993.56, what rate of return would she have earned for the past year? Do not ound intermediate calculations. Round your answer to two decimal places
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