Implicit Interest Assignment | Homework For You
June 9th, 2020
You purchase a zero coupon bond with 18 years to maturity and a yield to maturity of 5.17 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding.
Multiple Choice
$20.06
$20.37
$20.20
$18.28
$20.90. Get Finance homework help today