A $$1,000$ par value bond was issued $25$ years ago at a $12$ percent coupon rate, paid semiannually. It currently has $15$ years remaining to maturity. Interest rates on similar debt obligations are now $8$ percent. Use A ppendix B and Appendix D$.$

a$.$ What is the current price of the bond? $($Round $"$PV Factor" to $3$ decimal places. Round the final answer to $2$ decimal places.$)$

Price of the bond

b$.$ Assume Igor Sharp bought the bond three years ago, when it had a price of $$1,030.$ What is his dollar profit based on the bond's current price? $($Round $"$PV Factor" to $3$ decimal places. Round the final answer to $2$ decimal places.$)$

Dollar profit $

c$.$ Further assume Igor Sharp paid $20$ percent of the purchase price in cash and borrowed the rest $($known as buying on margin$).$ Igor used the interest payments from the bond to cover the interest costs on the loan. How much of the purchase price of $$1,030$ did lgor Sharp pay in cash?

Purchase price

$

d$.$ What is Igor's percentage return on his cash investment? $($Round $"$PV Factor" to $3$ decimal places. Round the your intermediate calculations to $2$ decimal places. Round your final answer to $2$ decimal places.$)$

Percentage return $\%$

e$.$ This part of the question is not part of your Connect assignment.