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ou purchased a zero coupon bond one year ago for $138.23. The bond has a par value of $1,000 and the market interest rate is

ou purchased a zero coupon bond one year ago for $138.23. The bond has a par value of $1,000 and the market interest rate is now 7 percent. If the bond had 28 years to maturity when you originally purchased it, what was your total return for the past year? Assume semiannual compounding.

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