What is the implicit interest in the first year of the, Financial Management

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What is the implicit interest in the first year of the

Suppose you purchase a zero coupon bond with a face value of ? 1,000?, maturing in 18 ?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? The implicit interest in the first year of the? bond's life is ? ?(Round to the nearest? cent.)

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Financial Management: What is the implicit interest in the first year of the

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