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You buy a 25-year maturity mortgage-backed bond. The bond has a par value of $10,000 and promises to pay an 8 percent annual coupon. At

You buy a 25-year maturity mortgage-backed bond. The bond has a par value of $10,000 and promises to pay an 8 percent annual coupon. At initial issue, bond market investors require a 12 percent interest rate return on the bond. After five years bond market investors require a 10 percent interest rate return on the bond and you decide to sell. What price did you pay at the outset and what is the price when you sell? (Give answer to 2 decimal places if applicable).

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