Please show me how to do these to problems. include the formula and steps.

Given the following information, what should the current price of this bond be? Use the bond valuation model. Face value: $1,000 Coupon rate: 8% Yield to maturity: 9% Years to maturity: 7 Assume interest is paid once per year and the next payment is a year from now. Answer in the following form: \$#.\#\# (with 2 decimals). DO NOT use a comma in your answer. SelectedAnswer:CorrectAnswer:[NoneGiven]949.67($) Given the following information, what should the current price of this stock be? Use the discounted dividend valuation model. Type of equity: common stock Current annual dividend: $79 Annual constant dividend growth: 4% Required annual rate of return: 13% Answer in the following form: \$#.## (with 2 decimals). DO NOT use a comma in your answer. Selected Answer: [None Given] Correct Answer: 912.89($) Response Feedback: Present value of a growing perpetuity Specific: Discounted Dividend Model for Common Stock