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plz help Last year Janet purchased a $1,000 face value corporate bond with a 9% annual coupon rate and a 20 -year maturity. At the
plz help
Last year Janet purchased a $1,000 face value corporate bond with a 9% annual coupon rate and a 20 -year maturity. At the time of the purchase, it had an expected yield to maturity of 10.98%. If Janet sold the bond today for $952.21, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places Step by Step Solution
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