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What rate of return would she have earned for the past year

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Problem - BOND RETURNS - Last year Janet purchased a $1,000 face value corporate bond with an 8% annual coupon rate and a 15-year maturity. At the time of the purchase, it had an expected yield to maturity of 10.45%. If Janet sold the bond today for $820.17, what rate of return would she have earned for the past year?

Reference no: EM132822360

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