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An investor purchases a zero coupon bond with 16 years to maturity at a price of $455.67. The bond has a par value of $1,000.

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An investor purchases a zero coupon bond with 16 years to maturity at a price of $455.67. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding. Multiple Choice $22.18 $23.52 $20.08 $22.94 $21.85

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