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A newly issued 20-year maturity, zero-coupon bond is issued with a yield to maturity of 5.5% 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 5.5% 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 bond's life. (Round your answers to 2 decimal places.) X Answer is complete but not entirely correct. Imputed Interest 18.85 First year $ Second year $ 19.88 Last year $ 20.98 Suppose that today's date is April 15. A bond with a 8.5% coupon paid semiannually every January 15 and July 15 is quoted as selling at an ask price of 101.69. If you buy the bond from a dealer today, what price will you pay for it? (Round your answer to 2 decimal places.) Invoice price
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