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Business, 09.12.2021 02:50 anytka21ovxqoa

Last year Janet purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 12.04%. If Janet sold the bond today for $1,024.30, what rate of return would she have earned for the past year

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