A zero coupon bond with a face value of $1,000 is issued with an initial price of $425.50. The bond… Show more A zero coupon bond with a face value of $1,000 is issued with an initial price of $425.50. The bond matures in 12 years. What is the implicit interest, in dollars, for the first year of the bond’s life? Use semiannual compounding. • Show less