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What would be the initial offering price for the following

What would be the initial offering price for the following bonds (assume semiannual compounding)?

a. A 15-year zero-coupon bond with a yield to maturity (YTM) of 12 percent

b. A 20-year zero-coupon bond with a YTM of 10 percent

a. A 15-year zero-coupon bond with a yield to maturity (YTM) of 12 percent

b. A 20-year zero-coupon bond with a YTM of 10 percent

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