You purchased a zero coupon bond one year ago for $346.72.The market interest rate is now 5.75 percent.If the bond had 15 years to maturity when you originally purchased it,what is your total return to date if the face value of the bond is $1,000?
A) 30.42 percent
B) 22.18 percent
C) 16.34 percent
D) 12.65 percent
E) 24.90 percent
Correct Answer:
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