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Suppose you purchase a zero-coupon bond with a face value of $1000, maturing in 10 years for $429.53. What is the implicit interest, in dollars,

Suppose you purchase a zero-coupon bond with a face value of $1000, maturing in 10 years for $429.53. What is the implicit interest, in dollars, in the first year of the bond's life? (Assume annual compounding)

Select one:

A. $18.94

B. $467.41

C. $1000

D. $37.88

E. 79.09

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