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please explain the answer in detail, show work. 13. A zero coupon bond with a face value of $1,000 is issued with an initial price

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13. A zero coupon bond with a face value of $1,000 is issued with an initial price of $212.56. The bond matures in 25 years. What is the implicit interest, in dollars, for the first year of the bond's life? A. $12.72 B. $13.58 C. $13.90 D. $15.63 E. $15.89

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