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On January 1, 2021 Jack bought a 9-year, $1,000 race value bond, with a 10 S (APR) annuai coupori payment ipaid each Decembes 31at )

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On January 1, 2021 Jack bought a 9-year, $1,000 race value bond, with a 10 S (APR) annuai coupori payment ipaid each Decembes 31at ) Ac that, time, the yield was 135 (APR) Jack sold the bond, one year later, on sanuary 1,2022 , ac which point che yield had Iallen co 122 (APR). What was Jack's rate of retum for this one-year investment in the bond

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