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You purchase a zero coupon bond with 13 years to maturity and a yield to maturity of 5.85 percent. The bond has a par value

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You purchase a zero coupon bond with 13 years to maturity and a yield to maturity of 5.85 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding, Multiple Choice $27.11 $ O O $26.93 O O $24.54 O $28.05 O O $27.35

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