Question: 1. Problem 12-01 eBook Problem 12-01 What would be the initial offering price for the following bonds (assume $1,000 par value and semiannual compounding)? Do

1. Problem 12-01 eBook Problem 12-01 What would be the initial

1. Problem 12-01 eBook Problem 12-01 What would be the initial offering price for the following bonds (assume $1,000 par value and semiannual compounding)? Do not round intermediate calculations. Round your answers to the nearest cent. a. A 12-year zero-coupon bond with a yield to maturity (YTM) of 14%. b. A 22-year zero-coupon bond with a YTM of 12%

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