a zero coupon bond with a face value of 1000 is issued with an initial
Question
A zero coupon bond with a face value of $1,000 is issued with an initial price of $430.84 based on semiannual compounding.The bond matures in 20 years. What is the
implicit interest, in dollars, for the first year of the bond's life? . $19.08 b. $25.25 E, $21.47 $18.53 e. $22.56