i Problem section Problem solving questions 2h solving questions (Demonstrate (Demonstrate your ealeulation steps to receive partial credin your caleulation steps to receive partial eredin) IP3 (1S points) A zero coupon bond with a face value of $1,000 is issued with an initial price of $212.56. The bond matures in 22 years. What is the implicit interest, in dollars, for the first year of the bond's life? Semi-annual 4 (15 points), Northern Warehouses wants to raise S s to to e lace value, zero-coupon bonds. The bonds will be priced to yield 8.75 percent. What is the minimum number of nds it must sell to raise the S11.4 million it needs? Semi-annual i Problem section Problem solving questions 2h solving questions (Demonstrate (Demonstrate your ealeulation steps to receive partial credin your caleulation steps to receive partial eredin) IP3 (1S points) A zero coupon bond with a face value of $1,000 is issued with an initial price of $212.56. The bond matures in 22 years. What is the implicit interest, in dollars, for the first year of the bond's life? Semi-annual 4 (15 points), Northern Warehouses wants to raise S s to to e lace value, zero-coupon bonds. The bonds will be priced to yield 8.75 percent. What is the minimum number of nds it must sell to raise the S11.4 million it needs? Semi-annual