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You purchased a zero coupon bond one year ago for $109.56. The market interest rate is now 11 percent. If the bond had 21 years
You purchased a zero coupon bond one year ago for $109.56. The market interest rate is now 11 percent. If the bond had 21 years to maturity when you originally purchased it, what was your total return for the past year? Assume semiannual compounding. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
Total return | % |
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