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Rate of Return Assignment | Homework For You

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June 2nd, 2020

Last year, Joan purchased a $1,000 face value corporate bond with an 9% annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yield to maturity of 13.84%. If Joan sold the bond today for $964.28, what rate of return would she have earned for the past year? Round your answer to two decimal places.Get Finance homework help todayHomework For You

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