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You purchase a zero coupon bond with 21 years to maturity and a yield to maturity of 5.29 percent. The bond has a par value
You purchase a zero coupon bond with 21 years to maturity and a yield to maturity of 5.29 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding. Multiple Choice $17.90 o $17.31 $17.46 $15.67 $17.19
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