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

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Bond returns

Last year, Joan purchased a $1,000 face value corporate bond with an 9% annual coupon rate and a 30-year maturity. At the time of the purchase, it had an expected yield to maturity of 10.49%. If Joan sold the bond today for $1,043.28, what rate of return would she have earned for the past year? Round your answer to two decimal places.

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Financial Management, Finance

Category:- Financial Management
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