Question 9 of Check My Work (5 remaining) Click here to read the eBook: Bond Yields Click here to read the eBook: Changes in Bond Values over Time BOND RETURNS Last year Janet purchased a $1,000 face value corporate bond with an 12% annual coupon rate and a 15-year maturity. At the time of the purchase, it had an expected yield to maturity of 11.75%. If Janet sold the bond today for $969.45, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places. % Check My Work (5 remaining)