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Last year Janet, putchased a $1,000 face value corporate-bend vith an Bew annubl coupon rate and a 10 -year maturity, At the time of the

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Last year Janet, putchased a $1,000 face value corporate-bend vith an Bew annubl coupon rate and a 10 -year maturity, At the time of the purchase, it had an expected yeld to maturity of 9.24%. If lanet sold the bond today for 5978.13, what rate of return would she have earned for the p.st year? Do not reued intermediate caloulabons: Round your answer to two decimal plsces

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