1. A 30-year zero-coupon bond that yields 12% percent is issued with a $1000 par value. What is the issuance price of the bond?
A. $33.38
B. $83.52
C. $98.43
D. $154.89
2. A 10-year bond pays annual interest of 8% on a face value of $1,000. If similar bonds are currently yielding 10%, what is the market value of the bond?
A. $877.11
B. $910.93
C. $1,100.78
D. None of the above