Question: Assignment 6: Chapter 7 EOC problems Lack to Assignment 0 Attempts: Keep the Highest 0/10 3. Problem 7.17 (Hond Returns) eBook Problem Walk-Through Last year

Assignment 6: Chapter 7 EOC problems Lack to Assignment 0 Attempts: Keep the Highest 0/10 3. Problem 7.17 (Hond Returns) eBook Problem Walk-Through Last year Janet purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 10-year maturity. At the time of the purchase, it had an expected yield to maturity of 9.39%. If Janet sold the bond today for $1,086.45, 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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