You have just purchased a two-month, $540,000negotiableCD, which will pay a 7.5 percentannual interest rate.

a.	If themarket rateon the CD rises to 8 percent, what is itscurrent market value?(Do not round intermediate calculations. Round your answerto 2 decimal places. (e.g., 32.16))

Current market value

$

b.	If the market rate on the CD falls to 7.25 percent, what is its current market value?(Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

Current market value

$