You purchased a zero-coupon bond one year ago for 28533


You purchased a zero-coupon bond one year ago for $285.33. The market interest rate is now 8 percent. Assume semiannual compounding periods. If the bond had 16 years to maturity when you originally purchased it, what was your total return for the past year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Total return for the past year %

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You purchased a zero-coupon bond one year ago for 28533
Reference No:- TGS02318839

Expected delivery within 24 Hours