Last year janet purchased a $1000 face value corporate bond with an 8% annual coupon...
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Accounting
Last year janet purchased a $1000 face value corporate bond with an 8% annual coupon rate and a 25 year maturity. At the time of the purchase, it had an expected yield to maturity of 8.57%. If janet sold the bond today for $994.39, what rate of return would she have earned over the past year?
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