Last year Yu Xiu purchased a $1,000 face value corporate bond with a 10% annual coupon...
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Last year Yu Xiu purchased a $1,000 face value corporate bond with a 10% annual coupon rate and a 30-year maturity. At the time of the purchase, it had an expected yield to maturity of 9.57%. If Yu Xiu sold the bond today for $1,006.53, 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 Yu Xiu purchased a $1,000 face value corporate bond with a 10% annual coupon rate and a 30-year maturity. At the time of the purchase, it had an expected yield to maturity of 9.57%. If Yu Xiu sold the bond today for $1,006.53, 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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