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Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds to the public. The bonds had a 11.69 percent coupon rate and paid interest annually. It is now 13 years later. The current market rate of interest on the Bright Sun bonds is 8.74 percent. What is the current market price (intrinsic value) of the bonds?

Round the answer to two decimal places.

Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 23 years and a yield to maturity of 6.54 percent, compounded annually. What is the current price of the bond?

Round the answer to two decimal places.