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A zero coupon bond with a face value of $1,000 is issued with an initial price of $507.96. The bond matures in 18 years. What

A zero coupon bond with a face value of $1,000 is issued with an initial price of $507.96. The bond matures in 18 years. What is the implicit interest, in dollars, for the first year of the bond's life? Use semiannual compounding.

$5.69

$19.48

$11.38

$9.74

$10.29

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