1. Assume a par value of $1,000. Caspian Sea plans to issue a 18.00 year, annual pay bond that has a coupon rate of 8.03%. If the yield to maturity for the bond is 7.89%, what will the price of the bond be?

2. Assume a par value of $1,000. Caspian Sea plans to issue a 16.00 year, annual pay bond that has a coupon rate of 7.82%. If the yield to maturity for the bond is 8.18%, what will the price of the bond be?

Please round to 2 decimal places and show work