22) 22) You purchased an investment that will pay you $8,000, in real dollars, a year for the next three years. Each payment will be received at the end of the period with the first payment occurring one year from today. The nominal discount rate is 8.46 percent and the inflation rate is 3.1 percent. What is the present value of these payments in real dollars? A) $18,529 B)$21,705 C)$20,720 D) S20,447 E) $18,811 23) 23) The zero coupon bonds of JK Industries have a market price of $318.46, a face value of s1,000, and a yield to maturity of 6.69 percent. How many years is it until these bonds mature? Assume semiannual compounding. A) 17.39 years B) 34.78 years C) 16.14 years D) 32.28 years E) 24.01 years