#$1$ Things Get Messi Enterprises is issuing new bonds for a capital budgeting project. The bonds will have $30\mathrm{.}00$ year maturities with a coupon rate of $7\mathrm{.}50\%$ APR with semi$-$annual coupon payments $($assume a face value of $$1,000$ on the bond$).$

The current market rate for similar bonds is $9\mathrm{.}20\%$ APR. The company hopes to raise $$68\mathrm{.}00$ million with the new issue.

Based on the current market rate, what will a new bond sell for?

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Answer format: Currency: Round to: $2$ decimal places.

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#$2$

A couple purchased a bond for $$950\mathrm{.}00$ three years ago. The bond pays $6\mathrm{.}875\%$ APR with semi$-$anndal coupons with a face value of $$1,000.$ Currently, the bond has exactl$/10$ years until maturity, and investors seek a return of $11\mathrm{.}00\%$ APR on bonds of similar risk.

What is the current price of the bond?

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Answer format: Currency: Round to: $2$ decimal places.

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