Question: o 9-4: Bond Yields 9-5: Changes in Bond Values Over Time Bond returns Last year, Joan purchased a $1,000 face value corporate bond with an

o 9-4: Bond Yields 9-5: Changes in Bond Values Over Time

o 9-4: Bond Yields 9-5: Changes in Bond Values Over Time Bond returns Last year, Joan purchased a $1,000 face value corporate bond with an 10% annual coupon rate and a 15-year maturity. At the time of the purchase, it had an expected yield to o maturity of 9.56%. If Joan sold the bond today for $1,109.83, what rate of return would she have earned for the past year? Round your answer to two decimal places. %

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