(Use the chapter appendix to answer this problem) Ash Investment Company manages a broad portfolio with this composition:

	Par Value	Present Market Value	Years Remaining to Maturity
Zero-coupon bonds	200,000,000	63,720,000	12
8% Treasury bonds	300,000,000	290,000,000	8
11% corporate bonds	500,000,000	380,000,000	10
		733,720,000

Ash expects that in four years, investors in the market will require an 8 percent return on the zero-coupon bonds, a 7 percent return on the Treasury bonds, and a 9 percent return on corporate bonds. Estimate the market value of the bond portfolio four years from now.