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Last year Janet purchased a 51,000 face value corporate bond with an 11% annual coupon rate
and a 20 -year maturity. Ar the time of the purchase, it had an expected yield to maturity of
10.41%. If Janet sold the bond today for $976.83, what rate of return would she have earned for
the past year? Do not. round intermediate calculations. Round your answer to two decimal places.

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Last year Janet purchased a 51000 face value corporate bond.pdf

  • 1. Last year Janet purchased a 51,000 face value corporate bond with an 11% annual coupon rate and a 20 -year maturity. Ar the time of the purchase, it had an expected yield to maturity of 10.41%. If Janet sold the bond today for $976.83, what rate of return would she have earned for the past year? Do not. round intermediate calculations. Round your answer to two decimal places.