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5. Applied Software has $1,000 par value bonds outstanding at 12 percent interest. The bonds will mature in 25 years. Compute the current price of

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5. Applied Software has $1,000 par value bonds outstanding at 12 percent interest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is: a. 11 percent (4 points) b. 13 percent (4 points) 1 c. 5 years later the currrent price of the bond now trades at 10% (5 points)

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