Cyberdyne Systems is issuing a series of zero coupon bonds to raise $500M to fund research and development at its Skynet division. Each bond will have a face value of $1,000 and will mature in 13 years. The yield on the bond is 6.5%. What is the fair price for one of Cyberdyne's zero coupon bonds? The fair price for one of Cyberdyne's zero coupon bonds is $. (Round to the nearest cent.) If the nominal rate of interest is 12.11% and the real rate of interest is 8.3%, what is the expected rate of inflation? The expected rate of inflation is % (Round to two decimal places.)