Budget performance reports for cost centers

partially completed budget performance reports for garland company, a manufacturer of light duty motors, follow:

garland company
budget performance report—vice president, production
for the month ended november 30
plant actual budget over budget under budget
eastern region $2,409,400 $2,420,000 $(10,600)
central region 2,998,400 3,000,000 (1,600)
western region (g) (h) (i)
$(j) $(k) $(l) $(12,200)

Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.