1. A bank decides to partially immunize its portfolio by buying a series of zero-coupon $100,000 par value Treasury strips with 11 years to maturity. If the interest rate on these bonds is 6.83%, how much are the strips selling for today? Assume annual compounding and round to two decimal places (Ex. $0.00).

2.A semiannual coupon paying Treasury bond with 16 years left to maturity can be stripped into how many separate zero-coupon bonds?