Question: What is the implicit (dollar) interest for the first year of a ToyToons bond currently valued at $455.50? Note: This ToyToons bond pays no coupons

What is the implicit (dollar) interest for the first year of a ToyToons bond currently valued at $455.50? Note: This ToyToons bond pays no coupons but will pay $1,000 when it matures in 18 years.

select one:

$10.17
$11.06
$6.09
$12.19
$20.34

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