Question: Attempts: Keep the Highest: 2 9. Problem 7.17 Problem 7-17 Bond returns Last year, Joan purchased a 1,000 ace value corporate bond with an 11%

Attempts: Keep the Highest: 2 9. Problem 7.17 Problem 7-17 Bond

Attempts: Keep the Highest: 2 9. Problem 7.17 Problem 7-17 Bond returns Last year, Joan purchased a 1,000 ace value corporate bond with an 11% annual coupon rate and a 20-year maturity. At the time o the purchase, it had an expected yield to maturity of 13.2% r today for $980.65, what rate of return would she have earned for the past year? Round your answer to two decimal places. an sold the bond

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