Last year Jazmin bought a $1,000 face value corporate bond with a 5% annual coupon rate and 10 years to maturity. At the time of the purchases, the bond had an expected yield to maturity (YTM) of 3.40%. If he sells the bond today for $1,128.47, what is his rate of return for the year he held the bond? 2.17% 3.30% 3.95% 4.04% 4.49% Question 12 A bond has a $1,000 par or face value, 14 years to maturity, an annual coupon rate of 7%, and a current selling price of \$959. What is its yield to maturity? 2.88% 4.80% 5.51% 7.48% 8.27%