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You purchase a zero bond with 23 years to maturity of 5.37 percent.The bond has a par value of $1,000.What is the implicit interest for

You purchase a zero bond with 23 years to maturity of 5.37 percent.The bond has a par value of $1,000.What is the implicit interest for the year? Assume semiannual compounding.

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You purchase a zero coupon bond with 23 years to maturity and a yield to maturity of 5.37 percent. The bond has a par value of $1.000 What is the implicit interest for the first year? Assume semiannual compounding. Multiple Choice $1568 $1609

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