1. Which of the following is most likely to issue a non-sovereign bond?
A France
B The World Bank
C The city of Los Angeles, CA
2. A corporation is planning to issue zero-coupon bonds with a par value of $1,000 and with a maturity of 30 years. Assuming investors demand a 9.25% yield to maturity on the bonds, compounded semiannually, approximately how much should an investor pay for each bond?
A $66.35
B $70.36
C $257.59
D $857.43