Grummon Corporation has issued zero-coupon corporate bonds with a five-year maturity (assume $100 face value bond). Investors believe there is a 15% chance that Grummon will default on these bonds. If Grummon does default, investors expect to receive only 75 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.

What will be the price of these bonds?

(Round to the nearest cent.)