Question: What is the implicit (dollar) interest for the first year of an Credit Suisse bond currently valued at $420.50? Note: This Credit Suisse bond pays

What is the implicit (dollar) interest for the first year of an Credit Suisse bond currently valued at $420.50? Note: This Credit Suisse bond pays no coupons but will pay $1,000 when it matures in 11 years.

A. $34.46

B. $20.72

C. $17.23

D. $10.36

E. $17.59

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