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P3) (8 points) Last year Janet purchased a $1,000 face value corporate bond with an 8% annual coupon rate and 15-year maturity. At the time
P3) (8 points) Last year Janet purchased a $1,000 face value corporate bond with an 8% annual coupon rate and 15-year maturity. At the time of purchase, it had an expected yield of 10.45%. If Janet oldthe bond today for $820.17, what rate of return would she earned for the past year
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