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You have just purchased a zero-coupon bond with a face value of $15,000 and 18 years until maturity. The purchase price for the bond was

You have just purchased a zero-coupon bond with a face value of $15,000 and 18 years until maturity. The purchase price for the bond was $4,437.96. How much interest revenue for the bond will be reported for the first year?

Select one:

a. $282.72

b. $332.40

c. $310.66

d. $314.71

e. $263.33

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