Implicit interest in dollars for first year of bonds life

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Reference no: EM13848667

A newly issued 20-year, $1,000, zero coupon bond just sold for $311.05. What is the implicit interest, in dollars, for the first year of the bond's life?

$17.72

$18.70

$18.47

$17.63

$17.89

Reference no: EM13848667

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Implicit interest in dollars for first year of bonds life : A newly issued 20-year, $1,000, zero coupon bond just sold for $311.05. What is the implicit interest, in dollars, for the first year of the bond's life?

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