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Last year Janet purchased a 51,000 face value corporate bond with an 11% annual coupon rate and a 10 -year maturity. At the time of

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Last year Janet purchased a 51,000 face value corporate bond with an 11% annual coupon rate and a 10 -year maturity. At the time of the purchase, it had an expected yield to maturity of 9.46%. If Janet sold the bond today for $1,085.25, what rate of retum would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places

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