Question: 8. Problem 7.17 (Bond Returns) ebook Problem Walk-Through Last year Janet purchased a $1,000 face ale corporate bond with annual coupon rate and a 25-year

8. Problem 7.17 (Bond Returns) ebook Problem Walk-Through Last year Janet purchased a $1,000 face ale corporate bond with annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yield to maturity of 8.07 1 Janet told the bond today for $1,017.15, what rate of return would she have earned for the past year? Do not round intermediate calculation Round your answer to two decimal places Grade it Now Save & Continue Continue without saving

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