Question: Suppose you purchase a zero coupon bond with a face value of $1,000, maturing in 18 years, fir $214.70. Zero coupon bonds pay the investor

Suppose you purchase a zero coupon bond with a face value of $1,000, maturing in 18 years, fir $214.70. Zero coupon bonds pay the investor the face value on the maturity date. What is the implicit interest in the first year of the bonds life?

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