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Question 23 You purchased a zero-coupon bond one year ago for $400. The market interest rate is now 8 percent. If the bond had 10

Question 23

You purchased a zero-coupon bond one year ago for $400. The market interest rate is now 8 percent. If the bond had 10 years to maturity when you originally purchased it, what was your total return for the past year if the face value of the bond is $1,000?

Group of answer choices

15.4 percent

17.4 percent

19.4 percent

21.4 percent

23.4 percent

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