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can you provide the formula but not excel thanks Last year, Joan purchased a $1,000 face value corporate bond with an 10% annual coupon rate
can you provide the formula but not excel thanks
Last year, Joan purchased a $1,000 face value corporate bond with an 10% annual coupon rate and a 30-year maturity. At the time of the purchase, it had an expected yield to maturity of 12%. If Joan sold the bond today for $1,080.67, what rate of return would she have earned for the past year? Round your answer to two decimal places. %
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