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You purchase a zero coupon bond with 17 years to maturity and a yield to maturity of 5.69 percent. The bond has a par value

You purchase a zero coupon bond with 17 years to maturity and a yield to maturity of 5.69 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding.

Multiple Choice

$22.23
$19.45
$21.49
$21.34
$21.68

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