C. 0.71370 d. 5.00% Herbert has deposited $12,000 into an account that pays 4.7% interest per annum compounded annually, for exactly nine years. The amount of interest on interest that Herbert will earn is Select one: a. $955.68 b. $1,066.68 c. $1,388.68 d. $1,177.68 Which of the following statements is true for zero coupon bonds? Select one: a. They are unpopular investments because they offer poor value for money. b. Their price is equal to the present value of their face value. c. Their price is less volatile than a similar coupon paying bond. d. They are popular investments because they generally have higher yields. wed utot ABC Company needs additional equity capital and is considering either an IPO or a private placement. Which of the following is an advantage of raising funds through an IPO