A $$1,000$ par value bond was issued $20$ years ago at a $12$ percent coupon rate. It currently has $15$ years remaining to maturity. Interest

rates on similar obligations are now $8$ percent. Assume Ms$.$ Bright bought the bond three years ago when it had a price of $$1,000.$

Further assume Ms$.$ Bright paid $30$ percent of the purchase price in cash and borrowed the rest $($known as buying on margin$).$ She

used the interest payments from the bond to cover the interest costs on the loan.

a$.$ What is the current price of the bond? Use Table $16-2.$

Note: Input your answer to $2$ decimal places.

Price of the bond

b$.$ What is her dollar profit based on the bond's current price?

Note: Do not round interm ediate calculations and round your answer to $2$ decimal places.

Dollar profit

c$.$ How much of the purchase price of $$1,000$ did Ms$.$ Bright pay in cash?