Eight years ago, Burt Brownlee purchased a U.S. government bond that pays 5.50 percent interest. The face value of the bond was $1,000. (a) What is the dollar amount of annual interest that Burt received from his bond investment each year? (Round your answer to 2 decimal places.) Amount of annual $ 55 interest (b) Assume that comparable bonds are paying 5.45 percent. What is the approximate dollar price for which Burt could sell his bond? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Approximate market $