Using a financial calculator, solve for the unknowns in each of the following situations. (a) On June 1,2021, Sharon Lee purchases lakefront property from her neighbor, Josh Hutcherson, and agrees to pay the purchast: price in 9 payments of $19,500 each, the first payment to be payable June 1, 2022. (Assume that interest compounded at an annual rate of 7.90% is implicit in the payments) What is the purchase price of the property? (Round answer to 2 decimal ploces, es. 25.25.) The purchase price of the property $ (b) On January 1, 2021, Coronado Industries purchased 200 of the $1,000 face value, 8\% coupon, 10 -year bonds of Sterling inc. The bonds mature on January 1,2031, and pay interest annually beginning January 1,2022. Coronado purchased the bonds to yleld 10.50\%. How much did Coronado pay for the bonds? (Round answer fo 2 decimal ploces, es 25.25) Renfro pay for the bonds $