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| Teaching Since: | May 2017 |
| Last Sign in: | 353 Weeks Ago, 3 Days Ago |
| Questions Answered: | 20103 |
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MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
Question description
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You purchased a zero-coupon bond one year ago for $283.33. The market interest rate is now 9 percent.
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| Required: |
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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).) |
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| Â Total return for the past year |
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