A $$1,000$ face value strip bond has $15$ years remaining until maturity.

What is its price if the market rate of return on such bonds is $6\mathrm{.}4\%$ compounded semiannually? $($Do not round intermediate

calculations and round your final answer to $2$ decimal places.$)$

points awarded

Current price

At this market rate of return, what will be the increase in the value of the strip bond during the fifth year of ownership? $($Do not round

intermediate calculations and round your final answer to $2$ decimal places.$)$

The increase in the value