Midland Oil has $$1,000$ par value $($maturity value$)$ bonds outstanding at $19$ percent interest. The bonds will mature in $25$ years with annual payments.

Compute the current price of the bonds if the present yield to maturity is: $($Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answers to $2$ decimal places.$)$

Price of

the bond

a$.10$ percent $

b$.9$ percent $