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CWnTd9U2IFKR-OFF301KNJR_Lunifefmarec jCg/edit add-ons Help Last edit was seconds ago v Verdana EIE JE 9 - BIUA - BO 6 4 5 23 Last year Janet

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CWnTd9U2IFKR-OFF301KNJR_Lunifefmarec jCg/edit add-ons Help Last edit was seconds ago v Verdana EIE JE 9 - BIUA - BO 6 4 5 23 Last year Janet purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 10.68%. If Janet sold the bond today for $1,130.01, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places. 13

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