Multiple Choice
A zero coupon bond with a face value of €1,000 is issued with an initial price of €463.34.The bond matures in 25 years.What is the implicit interest,in euros,for the first year of the bond's life?
A) €9.08
B) €12.56
C) €14.48
D) €21.47
E) €31.25
Correct Answer:
Verified
Correct Answer:
Verified
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