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Suppose you purchase a zero coupon bond with a face value of $1,000, maturing in 8 years, for $858.31. What is the implicit interest in

Suppose you purchase a zero coupon bond with a face value of $1,000, maturing in 8 years, for $858.31. What is the implicit interest in the first year of the bond's life?

Round your answer to the nearest cent.

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