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q20 Last year Janet purchased a $1,000 face valut corporate bond with an 11% annual coupon rate and a 10 year maturity. At the time
q20
Last year Janet purchased a $1,000 face valut corporate bond with an 11% annual coupon rate and a 10 year maturity. At the time of the purchase. It has an expected yield to maturity of 12.5 of lanet old the bond today for 1942.25, what rate of return would the 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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