Question
You purchased a zero coupon bond one year ago for $148.82. The market interest rate is now 11 percent. If the bond had 18 years
You purchased a zero coupon bond one year ago for $148.82. The market interest rate is now 11 percent. If the bond had 18 years to maturity when you originally purchased it, what was your total return for the past year?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
