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A zero coupon bond with a face value of $1,000 is issued with an initial price of $240.00. The bond matures in 22 years with

A zero coupon bond with a face value of $1,000 is issued with an initial price of $240.00. The bond matures in 22 years with semi-annual compounding. What is the implicit interest, in dollars, for the first year two years of the bond's life?

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$15.50

$24.62

$33.25

$42.68

$50.18

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