A. 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 7.87%. If the yield to maturity for the bond is 8.24%, what will the price of the bond be? Round to 2 decimals.

B. What is the value today of a money machine that will pay $1,757.00 per year for 15.00 years? Assume the first payment is made 2.00 years from today and the interest rate is 13.00%. Round to 2 decimals.