Question: 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)

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 (YTM) of 12 percent
b. A 20-year zero-coupon bond with a YTM of 10 percent

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