White& Decker Corporation's 2018 financial statements included the following information in the long-term debt disclosure note: ($ in millions) 2018 $275 Zero-coupon subordinated debentures, due 2033: The disclosure note stated the debenture bonds were issued late in 2013 and have a maturity value of $500 million. The maturity value indicates the amount that White & Decker will pay bondholders in 2033. Each individual bond has a maturity value (face amount) of $1,000. Zero-coupon bonds pay no cash interest during the term to maturity. The company is "accreting" (gradually increasing) computed on an annual basis. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required 1. Determine the effective interest rate on the bonds 2. Determine the issue price in late 2013 of a single, $1,000 maturity-value bond Round your final answer to 2 decimal places.) 1. Effective interest rate 2. Issue price