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Implicit interest in the first year of the? bond life

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Suppose you purchase a zero coupon bond with a face value of ?$1,000?, maturing in 19 years, for ?$213.20. Zero coupon bonds pay the investor the face value on the maturity date. What is the implicit interest in the first year of the? bond's life?

The implicit interest in the first year of the? bond's life is ?$

?(Round to the nearest? cent.)

Reference no: EM132566440

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