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What was total return for the past year

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Question - You purchased a zero coupon bond one year ago for $121.36. The bond has a par value of $1,000 and the market interest rate is now 7 percent. If the bond had 30 years to maturity when you originally purchased it, what was your total return for the past year? Assume semiannual compounding.

Reference no: EM132825179

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