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Implicit Interest Assignment

Author:
February 18th, 2020

An investor purchases a zero coupon bond with 22 years to maturity at a price of $322.58. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding.

$17.02

$14.90

$17.45

$16.21

$16.46. Get Finance homework help today

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