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A. Madsen Motors's bonds have 19 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is

A. Madsen Motors's bonds have 19 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 8%, and the yield to maturity is 10%. What is the bond's current market price? Round your answer to the nearest cent.

B. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 20 years to maturity, and a 14% YTM. What is the bond's price? Round your answer to the nearest cent.

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