Final answer:
The cost of the corporate bond is $8,333.33.
Step-by-step explanation:
To calculate the price of the corporate bond, we can use the formula for simple interest:
Interest = Principal * Rate * Time
Given that the bond pays $2,000 after 12 weeks and earns 0.02% simple interest per week, we can calculate the principal:
Principal = Interest / (Rate * Time)
Principal = $2,000 / (0.0002 * 12) = $8,333.33
Therefore, the bond cost $8,333.33 to buy.