ance Whittingham IV speclalizes in buying deep discount bonds. These represent bonds that are trading at well below par value. He has his eye on a bond issued by the Lelsure Time Corporation. The $1,000 par value bond pays 7 percent annuar interest and has 16 vears remaining to maturity. The current yleld to maturity on similar bonds is 10 percent Use Appendix B and AppendixD for an approximate answer but calculate your final answer using the formula and financial calculator methods. Q. What is the current pnce of the bonds? Note: Do not round intermediate colculatlons. Round your final onswer to 2 decimal places. Ascume interest poyments are onnuel. Answer is complete but not entirely correct. b. By what percent will the price of the bonds increase between now and maturity? Note: Do not round intermediate colculotions. Input your onswer os a percent rounded to 2 decimol places