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Bobby Fischer wants to buy a newly issued 10-year, zero-coupon bond US Treasury bond with a Par Value of $1,000. He bought the bond for

Bobby Fischer wants to buy a newly issued 10-year, zero-coupon bond US Treasury bond with a Par Value of $1,000. He bought the bond for $311.05.

How much does Bobby earn in implicit interest, in dollars, by holding the bond for 2-year? Since this is a US Treasury bond, assume semiannual compounding.

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