Question: Could you please show your work for this question? Please don't copy someone else's work. I will give thumbs up right away The Metchosin Corporation

Could you please show your work for this question? Please don't copy

Could you please show your work for this question? Please don't copy someone else's work. I will give thumbs up right away

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 $1,200 every six months over the subsequent eight years, and finally pays $1,500 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 6% 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.)

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