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Sykes, Inc. wants to issue zero-coupon bonds with a face value of $1,000 and a term to maturity of 3 years. Requirement 1: What is

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Sykes, Inc. wants to issue zero-coupon bonds with a face value of $1,000 and a term to maturity of 3 years. Requirement 1: What is the current price of this bond to an investor with a required yield to maturity of 12 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current bond price $ Requirement 2: Assume the investor purchases the bond at the price you determined in Requirement 1 above. How much would the investor have to report as interest in Year 2 for tax purposes? Interest in Year 2

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