17 Problem 10-14 Analyzing bond price changes [LO10-3] Katie Pairy Fruits Inc. has a $1,900, 20-year percent (coupon equals 16% x $1,900-$304 per year). Assume that the current market required interest rate on similar bonds is now only 12 percent. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. Compute the current price of the bond. (Do not round intermediate calculations. Round your final answer to 2 decimal places. Assume interest payments are annual.) lprice of he bond b. Find the present value of 4 percentx $1,900 (or $76) for 20 years at 12 percent. The $76 is assumed to be an annual payment. Add this value to $1,900. (Do not round intermediate calculations. Round your final answer to 2 decimal places. Assume interest payments are annual.)