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You purchased a zero-coupon bond one year ago for $176.38. The market interest rate is now 9 percent. Required: If the bond had 20 years
You purchased a zero-coupon bond one year ago for $176.38. The market interest rate is now 9 percent.
Required: If the bond had 20 years to maturity when you originally purchased it,what was your total return for the past year? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)
Total Return for the Past Year = ?
btw I kept getting 10.27% but it is not the right answer.
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