The Metchosin Corporation has two different bonds currently outstanding. Bond M has a face value of $

$10$

$,$

$000$

$$and matures in

$20$

$$years$.$ The bond makes no payments for the first six years, then pays $

$1$

$,$

$700$

$$every six months over the subsequent eight years, and finally pays $

$2$

$,$

$000$

$$every six months over the last six years. Bond N also has a face value of $

$10$

$,$

$000$

$$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 M and bond N

$?$

$($

Do not round intermediate calculations. Round the final answers to

$2$

$$decimal places.

$)$

$$

$$ Current Price

Bond M $

Bond N $