I want help in question 21.

the answer for question 20 is d.

The following information is used for the next TWO questions. One year ago, the government of the Galactic Federation issued a new series of 5 year Federation Treasury bonds as part of their economic recovery efforts after the collapse of the Federation's old currency, the Blemflarck, from an internal value of 1 to 0. These Galactic Federation bonds pay annual coupons at a rate of 17% Today, the zero coupon government-bond yield curve has the following rates: 1-year 2-year 3-year 4-year 5-year 6-year 6.28% 3.40% 6.96% 10.81% 13.83% 16.83% Question 20 If you were planning to invest today in a Galactic Federation bond, which of the following is closest to the price you would pay if they were each issued with a face value of $1,000? a. $1,192.82 b. $1,109.27 c. $1,182.85 d. $1,233.90 e. $1,240.74 Question 21 You bought the bond in the previous question. One year later, the newly-elected President of The Citadel announces that they too wish to conduct a bond issue to fund the reconstruction of The Citadel after its collision with a Galactic Federation prison. The market believes that any bonds issued by The Citadel will also be risk-free like those of the Galactie Federation. The new zero-coupon government bond yield curve is as follows: w 1-year 2-year 3-year 4-year 5-year 6-year 4.11% 7.74% 11.37% 13.04% 15.98% 15.43% The Citadel intends to set the maturity date of its bonds so that they mature on the same date as those of the Galactic Federation in the previous question. Which of the following is closest to the annual coupon rate that The Citadel will need to set so that the bonds are issued at par today? a. 11.93% p.a. b. 10.33% p.a. C. 10.81% pa d. 12.50% pa e. 9.61% pa