Zero-coupon bond. What is the annual implied interest of a five-year zero-coupon bondLOADING...

(using the semiannual pricingconvention) with a yield to maturityLOADING...

of 8% and a par valueLOADING...

of $5,000?

What is the firstyear's implied interest of thezero-coupon bond?

$

275.63

275.63 (Round to the nearestcent.)

What is the secondyear's implied interest of thezero-coupon bond?

$

298.12

298.12(Round to the nearestcent.)

What is the thirdyear's implied interest of thezero-coupon bond?

$

nothing

(Round to the nearestcent.)