CHAPTER 12: 16 PROBLEMS Problem 12-01 Chapter 12: Assignment-Bond Fundamentals and Valuation Back to Assignment 1. Problem 12-01 eBook Average/2 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 14-year zero-coupon band with a yield to maturity (YTM) of 14%. $ b. A 24-year zero-coupon bond with a YTM of 10% $