Mark Goldsmith's broker has shown him two bonds issued by different companies. Each has a maturity of

5

years, a par value of

$1,000,

and a yield to maturity of

8.70 %

The first bond is issued by Crabbe Waste Disposal and has a coupon interest rate of

6.319%

paid annually. The second bond, issued by Malfoy Enterprises, has a coupon interest rate of

8.80%

paid annually.

Calculate the selling price for each of the bonds.