Last year Janet purchased a $1,000 face value corporate bond with an 7% annual coupon...
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Finance
Last year Janet purchased a $1,000 face value corporate bond with an 7% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 13.05%. If Janet sold the bond today for $1,133.42, what rate of return would she have earned for the past year?
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