What is implicit interest in first year of the bond life

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1- What is the yield to maturity of a 9.8% semiannual coupon bond with a face value of $1,000 selling for $888.41 that matures in 10 years?

2- Suppose you purchase a zero coupon bond with a face value of $1,000?, maturing in 22 years, for $214.70. 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?

3- What is the price of a 33-year, 8.3% coupon rate, $1,000 face value bond that pays interest quarterly if the yield to maturity on similar bonds is 11.5%?

Reference no: EM131972800

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