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You purchase a zero coupon bond with 20 years to maturity and a yield to maturity of 5.25 percent. The bond has a par value

You purchase a zero coupon bond with 20 years to maturity and a yield to maturity of 5.25 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding.

explain what formula u used

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