Ashton Long, a bond analyst, is analyzing a convertible bond. The characteristics of the bond are given below.

$\backslash$table$[[$Convertible Bond Characteristics$],[$Par value,$$1,000,,],[$Annual coupon rate $($annual pay$),8\%,,],[$Conversion ratio,$28,,],[$Market price,$107\%,$of par,$],[$Straight value,$99\%$ of par,,$],[$Current market price,$$25$ per share,,$]]$

Compute the bond's conversion value and conversion price.

Note: Round your conversion price to $2$ decimal places.

$\backslash$table$[[$Conversion value$],[$Conversion price$]]$