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Question 13 and 14 please Ajencia issued a bond with a 25 year term 10 years ago at 9% interest. Market rates on comparable bonds

Question 13 and 14 please image text in transcribed
Ajencia issued a bond with a 25 year term 10 years ago at 9% interest. Market rates on comparable bonds is 10% today. What should the bond sell for today? NO $ sign in your answer. Write TWO decimal places in your answer. QUESTION 14 A bond that pays 6% interest compounded annually on a $1,000 face value will mature in 24 years. The interest rate is now 8%. What should the bond's market price be? Round intermediate calculations to four decimal places. Round your answer to the nearest cent. No $ Sign. Put Commas in your answer, if needed

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