Assume semiannual compounding

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You purchased a zero-coupon bond one year ago for $102.86. The market interest rate is now 8 percent. If the bond had 29 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 round your final answer to 2 decimal places, (e.g., 32.16))

Reference no: EM131518892

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