A newly offered ten-year bond of face value 100 can be redeemed at 105, with 10% coupon payable semi-annually. The effective annual yield at the time of issue is 11%.

(i)

Determine the price of the bond at issue date. Give your answer in 2 decimal places.

(ii)

Suppose that the holder of this bond wishes to sell it immediately after the 10th coupon payment has been effected and the effective annual yield has fallen to 7% thereafter. Find the price at which he can sell the bond. Give your answer in 2 decimal places.