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An investor purchases a zero coupon bond with 18 years to maturity at a price...

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An investor purchases a zero coupon bond with 18 years to maturity at a price of $375.04. The bond has a par value of $1,000 What is the implicit interest for the first year? Assume semiannual compounding. Multiple Choice $20.30 21.53 $2100 $20.00

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