Question 7 (of T) value 10.00 points The Metchosin Corporation has two different bonds currently outstanding Bond M has a face value of $40,000 and matures in 20 years. The bond makes no payments for the first six years, then pays $2,000 every six months over the subsequent eight years, and finally pays $2,300 every six months over the last six years. Bond N also has a face value of $40,000 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 percent compounded semiannually, what is the current price of bond M and bond N? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Current price Bond M Bond N References eBook & Resources Learning Objective: 07-02 Bond values and yields, and why they fluctuate Worksheet O Type here to search 24 1 12 n ? 6 8 5 4 3 2