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BOND RETURNS Last year Sanat purchased a $1,000 face value corporate bond with an annual coupon rate and a 25-year maturity. At the time of

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BOND RETURNS Last year Sanat purchased a $1,000 face value corporate bond with an annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yields maturity of 8.53. If Janet sold the bond today for $1.174.16, what rate of return would she have earned for the past year? Do not round intermediate closed answer to two decimal places

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