$10,000,000 face value, zero coupon bonds due in 20 years, priced on the market to yield 8% compounded semiannually. Round to nearest dollar.
$10,000,000 face value, serial bonds repayable in 40 equal semiannual installments of $500,000, which includes coupon payments and repayment of principal, for 20 years, priced on the market to yield 6% compounded annually.