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You purchase a zero coupon bond with 16 years to maturity and a yield to maturity of 5.73 percent. The bond has a par value

You purchase a zero coupon bond with 16 years to maturity and a yield to maturity of 5.73 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding.

$22.60

$23.54

$20.60

$22.75

$22.95

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