Question: Total return for the past year You purchased a zero - coupon bond one year ago for ( $ 2 8 0 .

Total return for the past year You purchased a zero-coupon bond one year ago for \(\$ 280.33\). The market interest rate is now 9 percent. Assume semiannual compounding. If the bond had 15 years to maturity when you originally purchased it, what was your total return for the past year? Assume a par value of \(\$ 1,000\). Note: 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

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