Question: roblem 1 2 - 0 1 What would be the initial offering price for the following bonds ( assume $ 1 , 0 0 0

roblem 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 14-year zero-coupon bond with a yield to maturity (YTM) of 12 percent.
$
A 24-year zero-coupon bond with a YTM of 10 percent.
$

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