You purchased a zero coupon bond one year ago for $175. The market interest rate is now 12 percent. | Cheap Nursing Papers
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You purchased a zero coupon bond one year ago for $175. The market interest rate is now 12 percent.

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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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