You purchased a zero-coupon bond one year ago for $281.33. The market interest rate is now...

 

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You purchased a zero-coupon bond one year ago for $281.33. The market interest rate is now 7 percent. Assume semiannual compounding. If the bond had 19 years to maturity when you originally purchased it, what was your total return for the past year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Total return for the past year % You purchased a zero-coupon bond one year ago for $281.33. The market interest rate is now 7 percent. Assume semiannual compounding. If the bond had 19 years to maturity when you originally purchased it, what was your total return for the past year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Total return for the past year %

Answer rating: 100% (QA)

The e total return for the past year wouldnt be just 1 Heres how to calculate th... View the full answer