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Implicit interest for a zero coupon bond

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Suppose a firm needs to raise $10 million by issuing 10-year zero coupon bonds. The firm's cost of debt is 8%. Compute the total implicit interests for the first year (or year 1) and the last year (or year 10).

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The expert calculates the implicit interest for zero coupon bonds.

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Suppose a firm needs to raise $10 million by issuing 10-year zero coupon bonds. The firm's cost of debt is 8%. Compute the total implicit interests ...

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