A 100,000 face value Italian-issued (i.e., Euro-denominated) discount security with a standard 180-day maturity has 53 days to maturity was issued at a discount rate of 2.22% but is now trading at a rate of 2.78%

Assume 360 days in a year.

(a) What price was the security issued at?

(Round to 2 decimal places)

(b) What price is the security currently trading at?

(Round to 2 decimal places)