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You purchase a zero coupon bond with 19 years to maturity and a yield to maturity of 5.21 percent. The bond has a par value

You purchase a zero coupon bond with 19 years to maturity and a yield to maturity of 5.21 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding.

a.$19.07

2.$17.38

c.$19.37

d.$19.20

e.$19.86

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