Dooley, Inc., has outstanding $150 million (par value) bonds that pay an annual coupon rate of interest of 9.5 percent. Par value of each bond is $1,000. The bonds are scheduled to mature in 17 years. Because of Dooleys increased risk, investors now require a 13 percent rate of return on bonds of similar quality with 17 years remaining until maturity. The bonds are callable at 108 percent of par at the end of 12 years. Use calculator to find answer. Round your answers to the nearest dollar.

A). What price would the bonds sell for assuming investors do not expect them to be called? $

B). What price would the bonds sell for assuming investors expect them to be called at the end of 12 years? $