Zero-coupon bond. What is the annual implied interest of a five-year zero-coupon bond (using the semiannual pricing convention) with a yield to maturity of 9% and a par value of $1,000?
What is the first year's implied interest of the zero-coupon bond?
What is the second year's implied interest of the zero-coupon bond?
What is the third year's implied interest of the zero-coupon bond?
What is the fourth year's implied interest of the zero-coupon bond?
What is the fifth year's implied interest of the zero-coupon bond?