Question 21 and 22

Question 21 (2 points) J&J Enterprises wants to issue eighty 20-year, $1,000 zero-coupon bonds. If each bond is to yield 8%, how much will J&J receive (ignoring issuance costs) when the bonds are first sold? O A) $20,000 B) $11,212 OC) $17.164 OD) $18.880 E) $12,393 Question 22 12 points) A corporate bond is quoted at a current price of 101487 What is the market price of a bond with a $1.000 fade value