Suppose that it is January 1, 2020. There is a five-year coupon bond in the market that promises to pay $1,000 at the beginning of each year plus $10,000 at the beginning of the fifth year. The following is the pattern of future payments:

Coupon 1: January 1, 2021 $1,000

Coupon 2: January 1, 2022 $1,000

Coupon 3: January 1, 2023 $1,000

Coupon 4: January 1, 2024 $1,000

Coupon 5: January 1, 2025 $1,000

Final Payment: January 1, 2025 $10,000

The interest rate on January 1, 2020 is 10 percent.On January 1, 2020 you pay__dollars and buy the bond.

On January 1, 2022, the interest rate drops to 5 percent and you decide to sell the bond. The price of the bond on that day will equal___dollars.(Note that on January 1, 2022, there will be three coupon payments and one final value left on the bond)