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Valuation of two different Bonds.

The Mangold Corporation has two different bonds currently outstanding:
Bond M has a face value of $22,500 and matures in 22 years. The bond makes no payments for the first 6 years, then pays $1,500 every six months over the subsequent 10 years, and finally pays $1,800 every six months over the last 6 years.

Bond N also has a face value of $22,500 and a maturity of 22 years. It makes no coupon payments over the life of the bond. If required return on these bonds is 12 percent compounded semiannually, the current price of bonds M and N is $_____ and $_____ respectively. (Round your answer to 2 decimal places. E.g.32.16.)

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