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Robin Singh Ghumman: Attempt 1 Question 20 (3 points) You purchase a zero coupon bond with 14 years to maturity and a yield to maturity

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Robin Singh Ghumman: Attempt 1 Question 20 (3 points) You purchase a zero coupon bond with 14 years to maturity and a yield to maturity of 501 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semifinal compounding, $24.74 $22 20 $24.36 $25.37 $24.53

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