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Last yeer Janet purchased a $1,000 face value corporate bond with an aw annwal coupon rate and a 20 -year maturity. At the time of

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Last yeer Janet purchased a $1,000 face value corporate bond with an aw annwal coupon rate and a 20 -year maturity. At the time of the purchase, it had an exsected yield to maturity of 9.03%. If Janet sold the bond today for $1,031.55, what rete of return would she have earned for the past year? De not roune intermectate caiculabons, Reund your. answer to two decimal places

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