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Bill Black purchased a zero coupon bond one year ago for $430.50. The current market interest rate is 4.15%. If the bond had 20 years
Bill Black purchased a zero coupon bond one year ago for $430.50. The current market interest rate is 4.15%. If the bond had 20 years to maturity when originally purchased, what was Bill's total return for the past year? Assume semiannual compounding and face value of $1,000.
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