Navarro, Inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. The bonds will have a YTM of 5.55 percent and mature in 30 years. If we assume semiannual compounding, at what price will the bonds sell?

$188.69

$193.53

$197.81

$185.79

$187.08

If we assume semiannual compounding, at what price will the bonds sell?

$199.28

$207.58

$200.66

$211.79

$202.39