Bond returnslast year janet purchased a 1000 face value, Ask an Expert

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Bond returns

Last year Janet purchased a $1,000 face value corporate bond with an 10% annual coupon rate and a 15-year maturity At the time of the purchase, it had an expected yield to maturity of 10 44% If Janet sold the bond today for $1, 088 82, what rate of return would she have earned for the past year? Do not round intermediate calculations.

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Financial Management, Finance

Category:- Financial Management
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