The British government has a consol bond outstanding paying $280$ per year forever. Assume the current interest rate is $12\%$ per year.

a$.$ What is the value of the bond immediately after a payment is made?

b$.$ What is the value of the bond immediately before a payment is made?

a$.$ What is the value of the bond immediately after a payment is made?

The value of the bond immediately after a payment is made is $f$

$($Round to two decimal places.$)$

b$.$ What is the value of the bond immediately before a payment is made?

The value of the bond immediately before a payment is made is $$

$($Round to two decimal places.$)$