Grummon Corporation has issued zero$-$coupon corporate bonds with a $5-$year maturity $($assume $$100$ face

value bond$).$ Investors believe there is a $40\%$ chance that Grummon will default on these bonds. If Grummon

does default, investors expect to receive only $80$ cents per dollar they are owed. If investors require a $6\%$ expected

return on their investment in these bonds, what will be the price and yield to maturity on these bonds?

Note: Assume annual compounding.

The price of the zero$-$coupon corporate bonds will be $$.($Round to the nearest cent.$)$

Assuming the default does not materialize, the yield to maturity on these bonds will be $\%.($Round to two

decimal places.$)$