12. A 30-year, $1.000 par value zero-coupon rate bond is to be issued to yield 12 percent (9 points) a. What should be the initial price of the bond? (Take the present value of $1,000 for 30 years at 12 percent b. If immediately upon issue, interest rates dropped to 6 percent, what would be the value of the zero-coupon rate bond? c. If immediately upon issue, interest rates increased to 14 percent, what would be the value of the zero-coupon rate bond