Question: 8 . Problem 7 . 1 7 ( Bond Returns ) Activity Frame eBook Problem Walk - Through Last year Janet purchased a (

8. Problem 7.17(Bond Returns) Activity Frame eBook Problem Walk-Through Last year Janet purchased a \(\$ 1,000\) face value corporate bond with an \(8\%\) annual coupon rate and a 15-year maturity. At the time of the purchase, it had an expected yield to maturity of \(8.24\%\). If Janet sold the bond today for \(\$ 1,130.69\), what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places. \%
8 . Problem 7 . 1 7 ( Bond Returns ) Activity

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