Ch 07: End-of-Chapter Problems - Bonds and Their Valuation Back to Assignment Anempts Average / 1 17. Problem 7.17 (Bond Returns) BOOK Problem Walk Through Last Year Janet purchased a $1.000 face value corporate bond with a 9% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 9.1%. In Janet sold the bond today for $1,016,38, what rate of return would she have earned for the past year? Do not round Intermediate calculations. Round your answer to two decimal places