Search this course Ch 07: End-of-Chapter Problems - Bonds and Their Valuation Back to Assignment Attempts Keep the Highest/1 11. Problem 7.17 (Bond Returns) eBook Problem Walk-Through Last year Janet purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 10-year maturity. At the time of the purchase, it had an expected vield to maturity of 12.36%. If Janet sold the bond today for $946.89, 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 40 i 11:01 PM 13/201 E a om