Problemyou purchased a zero-coupon bond one year ago for, Ask an Expert

Finance

Problem:

You purchased a zero-coupon bond one year ago for $282.83. The market interest rate is now 7 percent.

Required:

Question: If the bond had 19 years to maturity when you originally purchased it, what was your total return for the past year?

Note: Explain all calculation and formulas.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147994

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