Question
You purchased a zero-coupon bond one year ago for $283.33. The market interest rate is now 9 percent. Required: If the bond had 15 years
| You purchased a zero-coupon bond one year ago for $283.33. The market interest rate is now 9 percent. |
| Required: |
| If the bond had 15 years to maturity when you originally purchased it, what was your total return for the past year? |
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
