9-4: Bond Yields 9-5: Changes in Bond Values Over Time Bond returns Last year, Joan purchased a $1,000 face value corpor

[answerhappygod]

9 4 Bond Yields 9 5 Changes In Bond Values Over Time Bond Returns Last Year Joan Purchased A 1 000 Face Value Corpor 1 (47.76 KiB) Viewed 36 times

9-4: Bond Yields 9-5: Changes in Bond Values Over Time Bond returns Last year, Joan purchased a $1,000 face value corporate bond with an 10% annual coupon rate and a 10-year maturity. At the time of the purchase, it had an expected yield to maturity of 8.64%. If Joan sold the bond today for $1,101.01, what rate of return would she have earned for the past year? Round your answer to two decimal places. %