1. Madsen Motors's bonds have 22 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 8%, and the yield to maturity is 10%. What is the bond's current market price? Round your answer to the nearest cent.

2. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 19 years to maturity, and a 13% YTM. What is the bond's price? Round your answer to the nearest cent.