1. Madsen Motors's bonds have 11 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 10.5%; and the yield to maturity is 13%. What is the bond's current market price? Round your answer to the nearest cent. $
2. B&G Inc. has an average accounts receivable collection period of 46 days and a daily average accounts receivable balance of $35153. What is B&G’s annual credit sales?