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You purchase a zero coupon bond with 14 years to maturity and a yield to maturity of 5.81 percent. The bond has a par value

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You purchase a zero coupon bond with 14 years to maturity and a yield to maturity of 5.81 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding. Multiple Choice $25.56 $2313 $25.38 $2578 $25.78 $26.44

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