Question: Please help. D (amen 5* ' r E] https eztomheducationcom ' El 0 i APerformance EMail Ibel'ty Home 'll Blatl' lard age EMail in linkedln
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D (amen 5* ' r E] https eztomheducationcom ' El 0 i APerformance EMail Ibel'ty Home 'll Blatl' lard age EMail in linkedln Indeed Thl'lft Savings Plan Gi'git': '- Othel'iav Homework 5 0 Saved Help Saves. Exit Submit w E Lance Whittingham IV specializes in buying deep discount bonds. These represent bonds that are trading at well below par value. He has his eye on a bond issued bytne Leisure Time Corporation. The $1,000 par value bond pays 4 percent annual interest and has 18 years remaining to maturity. The current yield to maturity on similar bonds is 13 percent. Useppendix B and Appendix D for an 1,8 approximate answer but calculate your final answer using the formula and financial calculator methods. polnts a. What is the current price of the bonds? (Do not round intermediate calculations. Round your final answer to 2 decimal places. SK'WE" Assume interest payments are annual.) 980'\" Current price of the bond I Hll'it Print b. By what percent will the price of the onds increase between now and maturity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Pnce Increases by %
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