A. Your company wants to raise $10.0 million by issuing 20-year zero-coupon bonds. If the yield to maturity on the bonds will be 6% (annual compounded APR), what total face value amount of bonds must you issue? The total face value amount of bonds that you must issue is??

(Round to the nearest cent.)

B. The yield to maturity of a $1,000 bond with a 6.7% coupon rate, semiannual coupons, and two years to maturity is 8.7% APR, compounded semiannually. What is itsprice? The price of the bond is?

(Round to the nearest cent.)