Calculate the current price of a $1,000 par value bond that has a coupon rate of 9 percent, pays coupon interest annually, has 11 years remaining to maturity, and has a current yield to maturity (discount rate) of 11 percent. (Round your answer to 2 decimal places and record without dollar sign or commas).

Calculate the current price of a $1,000 par value bond that has a coupon rate of 14 percent, pays coupon interest annually, has 10 years remaining to maturity, and has a current yield to maturity (discount rate) of 8 percent. (Round your answer to 2 decimal places and record without dollar sign or commas).