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18. A zero coupon bond with a face value of $1,000 is issued with an initial price of $502.96. The bond matures in 17 years.

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18. A zero coupon bond with a face value of $1,000 is issued with an initial price of $502.96. The bond matures in 17 years. What is the implicit interest, in dollars, for the first year of the bond's life? Use semiannual compounding. O $6.07 O $10.37 O $10.91 O $20.75 O $1213

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