A company plans to raise $2,880,000 by issuing 4,000 zero-coupon bonds. All bonds have a face value of $1,000 and mature 7 years after the issue date. Assume comparable-risk coupon bonds normally pay semi- annual coupons. Investors who purchase the bond on its issue date get a yield to maturity of X p.a. (nominal). Which of the following equations can be used to find X (Only one correct answer). 1000=2880000/(1+X/2)^14 720=1000/(1+X)^7 4000=2880000/(1+X/2)^14 None of the equations give the correct answer. 720=1000/(1+X/2)^14 Calculate X. (Round your answer to a percentage of 2 decimals without the "%" symbol. E.g. if you answer is 0.12345, you should input 12.35") % A 10-year bond was issued at par on 1 July 2017. The bond has a face value of $1,000 and pays annual coupons at 4% p.a. Jenny purchased the bond on its issue date and sold it to Emma on 1 July 2019 immediately after the coupon payment. Emma paid a price that gave her a yield of maturity of 3% p.a. Which of the following can be used to find the price Emma paid for this bond (only one correct answer)? 1.0310 * Select one: 40 1000 a. * (1 1.03-10) + 0.03 40 1000 b. * (1 1.03-8) + 0.03 1.038 1000 1000 (1 1.03-10) + 0.03 1.0310 40 1000 d. * (1 1.03-2) + 0.03 1.032 e. None of the options give the price Emma paid. 40 1000 f. * (1 1.04-8) + 0.04 1.048