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What would be the initial offering price for the following bonds (assume $1,000 par value and semiannual compounding)? Do not round intermediate calculations. Round your

What would be the initial offering price for the following bonds (assume $1,000 par value and semiannual compounding)? Do not round intermediate calculations. Round your answers to the nearest cent.

A 15-year zero-coupon bond with a yield to maturity (YTM) of 14%.

A 20-year zero-coupon bond with a YTM of 10%.

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