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Show your work Last year, Jean purchased a $1,000 face value corporate bond with an 11.6 percent annual coupon rate and a 15-year maturity. At
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Last year, Jean purchased a $1,000 face value corporate bond with an 11.6 percent annual coupon rate and a 15-year maturity. At the time of the purchase, it had an expected yield to maturity of 12.4 percent. If Jean sold the bond today for $980.52, what rate of return would she have earned for the past year? a. 15.83% b. 15.18% c. 3.58% d. 11.60% e. 15.28%
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