Zero-coupon bond is issued with yield to maturity

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Reference no: EM131075758

A newly issued 20-year maturity, zero-coupon bond is issued with a yield to maturity of 3.5% and face value $1,000.

a. Find the imputed interest income in the first, second, and last year of the bond's life. Assume annual compounding

Reference no: EM131075758

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