Zero-coupon bond-what was total return for past year

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Reference no: EM131358175

Calculating Returns [LO 1] You purchased a zero-coupon bond one year ago for $279.33. The market interest rate is now 8 percent. Required: If the bond had 17 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: EM131358175

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