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Question: suppose you purchase a zero coupon bond with a face...

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Suppose you purchase a zero coupon bond with a face value of $1,000, maturing in 20 years, for $214.55. Zero coupon bonds pay the investor the face value on the maturity date. What is the implicit interest in the first year of the bond's life? The implicit interest in the first year of the bond's life is _________. (Round to the nearest cent.)

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