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A zero coupon bond with a face value of $1,000 is issued at an initial price of $474.20 and a 25 -year maturity. What is

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A zero coupon bond with a face value of $1,000 is issued at an initial price of $474.20 and a 25 -year maturity. What is the implicit interest, in dollars, for the first year of the bond's life? Assume semiannual interest. Multiple Choice $14.44 $17.58 $20.25 $21.03

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