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The Frush Corporation has two different bonds currentlyoutstanding. Bond M has a face value of $20,000 and matures in 20years. The bond makes no payments for the first six years, thenpays $2,300 every six months over the subsequent eight years, andfinally pays $2,600 every six months over the last six years. BondN also has a face value of $20,000 and a maturity of 20 years; itmakes no coupon payments over the life of the bond. The requiredreturn on both these bonds is 12 percent compoundedsemiannually.What is the current price of Bond M and Bond N? (Do not roundintermediate calculations and round your answers to 2 decimalplaces, e.g., 32.16.)Current priceBond M $Bond N $
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