If the bond had 15 years to maturity when you originally


You purchased a zero coupon bond one year ago for $175.10. The market interest rate is now 12 percent. If the bond had 15 years to maturity when you originally purchased it, what was your total return for the past year? Assume semiannual compounding.

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Basic Statistics: If the bond had 15 years to maturity when you originally
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