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A newly issued 20-year maturity, zero-coupon bond is issued with a yield to maturity of 5.2% and face value $1,000. Find the imputed interest income
A newly issued 20-year maturity, zero-coupon bond is issued with a yield to maturity of 5.2% and face value $1,000. Find the imputed interest income in (a) the first year; (b) the second year; and (c) the last year of the bonds life. Assume annual coupon payments. (Round your answers to 2 decimal places.)
Imputed Interest for:
First Year:______
Second Year:_______
Last Year:_______
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