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Questions Question 40 of 40 38. 39. 40. . 9-4: Bond Yields 9-5: Changes in Bond Values Over Time Bond returns Last year, Joan purchased

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Questions Question 40 of 40 38. 39. 40. . 9-4: Bond Yields 9-5: Changes in Bond Values Over Time Bond returns Last year, Joan purchased a $1,000 face value corporate bond with an 9% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 8.26%. If Joan sold the bond today for $1,026.64, what rate of return would she have earned for the past year? Round your answer to two decimal places. % 0 Icon Key

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