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Zero-coupon 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

Zero-coupon

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?

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