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Last year, Joan purchased a $1,000 face value corporate bond with an 9% annual coupon rate and a 20-year maturity. At the time of the

Last year, Joan purchased a $1,000 face value corporate bond with an 9% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 10.58%. If Joan sold the bond today for $1,008.9, what rate of return would she have earned for the past year? Round your answer to two decimal places

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