A Commonwealth government bond that was issued seven years ago matures in three years' time. The annual coupon rate is 6%, and coupons are paid every six months. What is the present value of the bond if the market interest rate is 11% per annum, compounded semi-annually, and the face value of the bond is $100,000? Please write the answer in two decimal places. A $1,000 face value bond currently has a yield to maturity of 15 percent. The bond matures in 7 years and pays interest annually. The coupon rate is 4 percent. What is the current price of this bond? Please write the answer in two decimal places.

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