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You purchased a zero coupon bond one year ago for 13823 the

Question: You purchased a zero coupon bond one year ago for $138.23. The market interest rate is now 7 percent. If the bond had 28 years to maturity when you originally purchased it, what was your total return for the past year? Assume semiannual compounding. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Total return % ReferenceseBook & Resources

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Finance Basics: You purchased a zero coupon bond one year ago for 13823 the

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