Suppose you purchase a zero coupon bond with a face value
Suppose you purchase a zero coupon bond with a face value of $1,000, maturing in 22 years, for $215.75. 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?
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suppose you purchase a zero coupon bond with a face value of 1000 maturing in 22 years for 21575 zero coupon bonds pay
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