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Last year, Joan purchased a $1,000 face value corporate bond with an 10% annual coupon rate and a 10-year maturity. At the time of

Last year, Joan purchased a $1,000 face value corporate bond with an 10% annual coupon rate and a 10-year 

Last year, Joan purchased a $1,000 face value corporate bond with an 10% annual coupon rate and a 10-year maturity. At the time of the purchase, it had an expected yield to maturity of 11.1%. If Joan sold the bond today for $1,026.34, what rate of return would she have earned for the past year? Round your answer to two decimal places. %

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