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ou purchased a zero-coupon bond one year ago for $76.00. The market interest rate is now 9.0 percent. If the bond had 30 years to maturity when you originally purchased it, what was your total return for the past year? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Total return of past year

ou purchased a zero-coupon bond one year ago for $76.00. The market interest rate is now 9.0 percent. If the bond had 30 years to maturity when you originally purchased it, what was your total return for the past year? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Total return of past year

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 8P
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You purchased a zero-coupon bond one year ago for $76.00. The market interest rate is now 9.0 percent. If the bond had 30 years to maturity when you originally purchased it, what was your total return for the past year? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Total return of past year %
Transcribed Image Text:You purchased a zero-coupon bond one year ago for $76.00. The market interest rate is now 9.0 percent. If the bond had 30 years to maturity when you originally purchased it, what was your total return for the past year? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Total return of past year %
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