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ms Problem 7.17 (Bond Returns) Question 20 of 20 Check My Work (3 remaining) eBook Problem Walk-Through Last year Janet purchased a $1,000 face value

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ms Problem 7.17 (Bond Returns) Question 20 of 20 Check My Work (3 remaining) eBook Problem Walk-Through Last year Janet purchased a $1,000 face value corporate bond with a 12% annual coupon rate and a 10-year maturity. At the time of the purchase it had an expected yield to maturity of 10.94%. If Janet sold the bond today for $1.072.65, what rate of return would she have earned for the past year? Do not round Intermediate calculations. Round your answer to two decimal places

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