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You purchase a zero coupon bond with 16 years to maturity and a yield to maturity of 5.09 percent. The bond has a par value

You purchase a zero coupon bond with 16 years to maturity and a yield to maturity of 5.09 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding. Multiple Choice $23.06 $22.49 $22.30 $20.18 $22.14

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