A large grocery chain is reevaluating its bonds since it is planning to issue a new 6.1 bond in the current market. The firm's outstanding bond issue has 5 years remaining until maturity. The bonds were issued with a 6 percent coupon rate (paid semiannually) and a par value of $1,000. Because of increased risk, the required rate has risen to 14 percent. What is the current value of these securities? What will be the value of the securities in the first problem in one year if the required return declines to 12 percent