Question: Last year Janet purchased a ( $ 1 , 0 0 0 ) face value corporate bond with a ( 7

Last year Janet purchased a \(\$ 1,000\) face value corporate bond with a \(7\%\) annual coupon rate and a 15-year maturity. At the time of the purchase, it had an expected yield to maturity of \(7.62\%\). If Janet sold the bond today for \(\$ 1,124.66\), what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places.
Last year Janet purchased a \(\$ 1,000\) face value corporate bond

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