Question: Problem 7.17(Bond Returns) Check My Work (3 remaining) ebook Problem Walk Through Last year Janet purchased a $1,000 face value corporate bond with a 7%

Problem 7.17(Bond Returns) Check My Work (3 remaining) ebook Problem Walk Through Last year Janet purchased a $1,000 face value corporate bond with a 7% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 7.96%. If Janet sold the bond today for $995.08, 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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