Ten-year zero coupon bonds issued by the U.S. Treasury have a face value of $1,000 and interest is compounded semiannually. If similar bonds in the market yield 10.8 percent, what is the value of these bonds? (Round answer to 2 decimal places, eg. 15.25.) Value of bond $ Texthonk and Media Pharoah, Inc., has a bond issue maturing in seven years that is paying a coupon rate of 11.5 percent (semaanual payments). Management wants to retire a portion of the issue by buying the securities in the open market. If it can refinance at 10.0 percent, how much will Pharoah pay to buy back its current outstanding bonds? (Round answer to 2 decimal places, eg, 15.25.) Pharoah will pay $