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21-10-2022
Business

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last year janet purchased a $1,000 face value corporate bond with a 7% annual coupon rate and a 30-year maturity. at the time of the purchase, it had an expected yield to maturity of 7.03%. if janet sold the bond today for $1,059.61, what rate of return would she have earned for the past year? do not round intermediate calculations. round your answer to two decimal places.

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