Your uncle is trying to determine the value of his bond portfolio and asks you for help. Find the current market values of the components of your uncle's portfolio.

(a) 80 bonds with a $1,000 face value and a coupon rate of 7.6%/year. These bonds have 11 years left to maturity and pay coupons on a semiannual basis. The YTM of these bonds is 8.8%/year. What is the total market value of these 80 bonds?

(b) 150 zerocoupon bonds with a $1,000 face value, 9 years to maturity, and a YTM of 7.7%/year (attention: use semiannual compounding hime). What is the total market value of these 150 zerocoupon bonds?