A $1,000 par value bond was issued 30 years ago at a 12 percent coupon rate it currently has 25 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 51005 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 (Input your answer to 2 decimal places.) Price of the bond b. What is her dollar profit based on the bond's current price? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dollar profit A $1.000 par value bond was issued 30 years ago at a 12 percent coupon rate. It currently has 25 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 $1,005 Further assume Ms Bright pald 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 input your answer to 2 decimal places.) Price of the bord b. What is her dollar profit based on the bond's current price? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dorar profil