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A newly issued 20-year maturity, zero-coupon bond is issued with a yield to maturity of 6.6% 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 6.6% 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. (Round your answers to 2 decimal places.)
Imputed Interest
First year ____
second year ____
last year _____
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