What rate of return would have earned for the past year

Reference no: EM131795038

Question: Last year Janet purchased a $1,000 face value corporate bond with an 9% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 13.76%. If Janet sold the bond today for $922.92, what rate of return would she have earned for the past year' Do not round intermediate calculations.

Reference no: EM131795038

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