A. Westerfield can afford $204 a month for 5 years for a car loan. If the interest rate is 4.08 percent compounded monthly, how much can he afford to borrow to purchase a car? Round your answer to 2 decimal places.

B. Whitewater issued 25 year bonds 9 years ago at a coupon rate of 8.12 percent. The bonds make semiannual payments. If the YTM on these bonds is 11.6 percent, what is the current bond price? Round your answer to 2 decimal places.