also put 5.56 but its being marked as incorrect

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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also put 5.56 but its being marked as incorrect

1. Suppose that you have purchased a 3-year zero-coupon bond with face value of $1000 and a price of $850. If you
hold the bond to maturity, what is your annual return?
*Make sure to input all currency answers without any currency symbols or commas, and use two decimal places
of precision.
5.57
(x) Incorrect
Transcribed Image Text:1. Suppose that you have purchased a 3-year zero-coupon bond with face value of $1000 and a price of $850. If you hold the bond to maturity, what is your annual return? *Make sure to input all currency answers without any currency symbols or commas, and use two decimal places of precision. 5.57 (x) Incorrect
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