Multiple Choice
Suppose you purchase a zero coupon bond with face value $1,000, maturing in 20 years, for $214.51. What is the implicit interest, in dollars, in the first year of the bond's life?
A) $14.86
B) $16.84
C) $17.16
D) $39.27
E) $80.00
Correct Answer:
Verified
Correct Answer:
Verified
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