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You purchased a zero-coupon bond one year ago for $400. The market interest rate is now 8 percent. If the bond had 10 years to
You purchased a zero-coupon bond one year ago for $400. The market interest rate is now 8 percent. If the bond had 10 years to maturity when you originally purchased it, what was your total return for the past year if the face value of the bond is $1,000? 15.4 percent 17.4 percent 19.4 percent 21.4 percent 23.4 percent
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