Question
You purchased a zero-coupon bond one year ago for $281.33. The market interest rate is now 7 percent. Assume semiannual compounding. If the bond
You purchased a zero-coupon bond one year ago for $281.33. The market interest rate is now 7 percent. Assume semiannual compounding. If the bond had 19 years to maturity when you originally purchased it, what was your total return for the past year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Total return for the past year %
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th Edition
1260772381, 978-1260772388
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