Purchased a zero-coupon bond one year ago

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Reference no: EM13911801

You purchased a zero-coupon bond one year ago for $281.33. The market interest rate is now 7 percent.

Required:

If the bond had 19 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).)

Total return for the past year %

Reference no: EM13911801

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