The company MACEIO SA has placed bonds on the Brazucalandia stock market. Below is the detail of its current obligations with the public:

  

SERIES

 

CURRENT NOMINAL AMOUNT PLACED

 

RESET UNIT

OF THE BONUS

 

INTEREST RATE

COUPON

 

FINAL TERM

   A

 70.000.000

Dollars

 5,4%

 01-07-2032

   B

 150.000.000

Dollars

 7,2%

 01-03-2045

  

  

PERIODICITY

PLACEMENT

   

SERIES

PAY OF

INTERESTS

PAY OF

AMORTIZATION

IN BRAZUCALANDIA

ABROAD

   A

BIMONTHLY

TO THE EXPIRATION

NATIONAL

   B

BIMONTHLY

BIMONTHLY

NATIONAL

  

Payments are made on the 1st of the months of: January, March, May, July, September and November of each year. For valuation purposes, years are considered 360 days (with equal months).

Assume that: The Series A bonds were placed on January 1, 2015, with a market rate of 5.1%. For its part, the Series B bonds were placed on November 1, 2018, with a market rate of 7.5%.

Based on the information provided, answer the following questions:

a)    Calculate the market value of the Series A bonds on the day they are placed on the market. 

b)    Calculate what the par value of the Series B bond would be, as of September 1, 2029.