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A newly issued 20-year maturity, zero-coupon bond is issued with a vield to maturity of 7.0% and face value $1,000. Find the imputed interest income
A newly issued 20-year maturity, zero-coupon bond is issued with a vield to maturity of 7.0% 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 aces.)
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