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Suppose you purchase a zero coupon bond with a face value of $1,000, maturing in 12 years, for $806.99. What is the implicit interest in
Suppose you purchase a zero coupon bond with a face value of $1,000, maturing in 12 years, for $806.99. What is the implicit interest in the first year of the bond's life?
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The Finance Book
Authors: Stuart Warner, Si Hussain
1st Edition
1292123648, 978-1292123646
