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Check My Work (3 remaining) eBook 6 Problem Walk-Through Last year Janet purchased a $1,000 face value corporate bond with a 7% annual coupon rate

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Check My Work (3 remaining) eBook 6 Problem Walk-Through Last year Janet purchased a $1,000 face value corporate bond with a 7% annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yield to maturity of 7.09%. If Janet sold the bond today for $994.48, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places. % bongo Check My Work (3 remaining) O Icon Key

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