Question
You purchased a zero-coupon bond one year ago for $176.38. The market interest rate is now 9 percent. If the bond had 20 years to
You purchased a zero-coupon bond one year ago for $176.38. The market interest rate is now 9 percent. If the bond had 20 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: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
