MS315 UMEMUI metu Back to Assignment Attempts Keep the Highest / 10 8. Problem 7.17 (Bond Returns) eBook H Problem Walk-Through Last year Janet purchased a $1,000 face value corporate bond with a 9% annual coupon rate and a 10-year maturity. At the time of the purchase, it had an expected yield to maturity of 7.61%. If Janet sold the band today for $1,130.46, rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places % Grade it Now Save & Continue Continue without saving Assignment 6: Chapter 7 End-of-Chapter Problems Back to Assignment Attempts Keep the Highest / 10 8. Problem 7.17 (Bond Returns) eBook Problem Walk-Through Last year Janet purchased a $1,000 face value corporate bond with a 9% annual coupon rate and a 10-year maturity. At the time of the purchase, it had an expected yield to maturity of 7.61%. If Janet sold the bond today for $1,130.46, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places Grade It Now Save & Continue Continue without saving