White \& Decker Corporation's 2024 financial statements included the following information in the long-term The disclosure note stated the debenture bonds were issued late in 2019 and have a maturity value of $600 value indicates the amount that White \& Decker will pay bondholders in 2039. Each individual bond has a m of $1,100. Zero-coupon bonds pay no cash interest during the term to maturity. The company is "accreting" ( issue price to maturity value using the bonds' effective interest rate computed on an annual basis. Required: 1. Determine the effective interest rate on the bonds. 2. Determine the issue price in late 2019 of a single, $1,100 maturity-value bond. Note: For all requirements, round your onswers in millions to 2 decimal places. For example, $555.55mi 555.55. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1 )