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MC algo 7-31 Zero Coupon Implicit Interest You purchase a zero coupon bond with 22 years to maturity and a yield to maturity of 5.33

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MC algo 7-31 Zero Coupon Implicit Interest You purchase a zero coupon bond with 22 years to maturity and a yield to maturity of 5.33 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding. Multiple Choice $16.30 $16.55 $14.86 $16.41 $16.98

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