Question: Suppose you purchase a zero coupon bond with face value $1,000, maturing in 14 years, for $789.68. What is the implicit interest, in dollars, in

Suppose you purchase a zero coupon bond with face value $1,000, maturing in 14 years, for $789.68. What is the implicit interest, in dollars, in the first year of the bond's life? Assume annual compounding. Select one: O a $1000 O b. $803.11 O c. $6.72 O d. $13.43 O e. $27.09

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