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You purchased a zero-coupon bond one year ago for $277.33. The market interest rate is now 8 percent. Required: If the bond had 17 years

You purchased a zero-coupon bond one year ago for $277.33. The market interest rate is now 8 percent.

Required:

If the bond had 17 years to maturity when you originally purchased it, what was your total return for the past year?

DO NOT SAY $7.84

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