Calculating returns-purchased a zero-coupon bond

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Reference no: EM13941741

Calculating Returns

You purchased a zero-coupon bond one year ago for $280.83. The market interest rate is now 9 percent.

Required:

If the bond had 15 years to maturity when you originally purchased it, what was your total return for the past year? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Reference no: EM13941741

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Calculating returns-purchased a zero-coupon bond : You purchased a zero-coupon bond one year ago for $280.83. The market interest rate is now 9 percent. If the bond had 15 years to maturity when you originally purchased it, what was your total return for the past year?

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