The bond matures in 18 years what is the implicit interest, Financial Management

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The bond matures in 18 years what is the implicit interest

A zero coupon bond with a face value of $1,000 is issued with an initial price of $507.96. The bond matures in 18 years. What is the implicit interest, in dollars, for the first year of the bond's life? Use semiannual compounding. MUST SHOW CALUCLATOR PUNCHES. HOW TO SOLVE ON FINANCIAL CALCULATOR.

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Financial Management: The bond matures in 18 years what is the implicit interest

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Financial Management: The bond matures in 18 years what is the implicit interest

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