QuickHelper

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    Phoniex
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Category > Business & Finance Posted 11 Jun 2017 My Price 13.00

Calculate returns problem

Question description

 

 

You purchased a zero-coupon bond one year ago for $283.33. 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).)

 

 Total return for the past year

Answers

(10)
Status NEW Posted 11 Jun 2017 12:06 PM My Price 13.00

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