SEM Help Save & CA 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 by the Leisure Time Corporation. The $1,000 par value bond pays 7 percent annual interest and has 16 years remaining to maturity. The current yield to maturity on similar bonds is 12 percent. Use Appendix Band Anpendix D for an approximate answer but calculate your final answer using the formule and financial calculator methods. a. What is the current price of the bonds? (Do not round Intermediate calculations. Round your final answer to 2 decimal places Assume interest payments are annual) 303 Current proe of the bond b. By what percent will the price of the bonds increase between now and maturity Do not round Intermediate calculations. Input your answer as a percent rounded to 2 decimal places) Process by L S D F H K C V B N M 98 and command