Problem 7-31 Valuing Bonds (LO2) The Metchosin Corporation has two different bonds currently outstanding. Bond M has a face value of $20,000 and matures in 20 years. The bond makes no payments for the first six years, then pays $1,300 every six months over the subsequent elght years, and finally pays $1,600 every six months over the last six years. Bond N also has a face value of $20,000 and a maturity of 20 years. It makes no coupon payments over the life of the bond. The required return on both these bonds is 8% compounded semiannually, what is the current price of bond Mand bond N? (Do not round Intermediate calculations. Round the final answers to 2 decimal places.) Current Price Bond M Bond N $