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You purchased a zero coupon bond one year ago for 132.87 dollars. The bond has a par value of 1.000 dollars and the market interest
You purchased a zero coupon bond one year ago for 132.87 dollars. The bond has a par value of 1.000 dollars and the market interest rate is now 8 percent. If the bond had 26 years to maturity when you originally purchased it, what was your total return for the past year? Assume semiannual compunding.
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