Beluga Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 1% when the market rate was 11%. Interest was paid annually. The bonds were sold at 94.7. What was the sales price of the bonds?

Beluga Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 1% when the market rate was 15%. Interest was paid annually. The bonds were sold at 106.6. What was the sales price of the bonds?