6) Madsen Motors's bonds have 10 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 10.5%; and the yield to maturity is 6%. What is the bond's current market price? Round your answer to the nearest cent.

7) Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 9 years to maturity, and a 7.5% YTM. What is the bond's price? Round your answer to the nearest cent.