What rate of return would she have earned for the past year, Finance Basics

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What rate of return would she have earned for the past year

Problem

Purchased a $1,000 face value corporate bond with a 7% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 6.17%. If Janet sold the bond today for $1,174.67, what rate of return would she have earned for the past year? Do not round intermediate calculations.

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