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

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

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 semi-annual compounding. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places

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

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