Round your answer to the nearest whole dollar and enter the value with numbers and a comma. Do not enter a dollar sign, decimals, or omit the comma or your answer will be counted as incorrect.

1.

a. ABC Co. issues $500,000, 10%, 10 year bonds when the prevailing market rate of interest is 9%. The bonds pay interest annually. Compute the issue price of the bonds.

b. ABC Co. issues $500,000, 10%, 10 year bonds when the prevailing market rate of interest is 11%. The bonds pay interest annually. Compute the issue price of the bonds.

please answer both questions thank you