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Thank you! Last year Janet purchased a $1,000 face value corporate bond with a 7% annual coupon rate and a 20-year maturity. At the time
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Last year Janet purchased a $1,000 face value corporate bond with a 7% annual coupon rate and a 20-year maturity. At the time of the purchas expected yield to maturity of 6.12%. If Janet sold the bond today for $1,170.03, what rate of return would she have earned for the past year? De intermediate calculations. Round your answer to two decimal places Step by Step Solution
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