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answers please for both sections thanks Lance Whittingham IV specializes in buying deep discount bonds. These represent bonds that are trading at well below par

answers please for both sections
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Lance Whittingham IV specializes 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 Leisure Time Corporation. The $1,000 par value bond pays 4 percent annual interest and has 18 years remaining to maturity. The current yield to maturity on similar bonds is 13 percent. Use Appendix B and Appendix. D for an approximate answer but calculate your final answer using the formula and financial calculator methods a. What is the current price of the bonds? Note: Do not round intermediate colculations. Round your final onswer to 2 decimal places. Assume interest poyments ore annuel. b. By what percent will the price of the bonds incresse betwicen now and maturity? Note: Do not round intermediete colculations. Input your onswer os a percent rounded to 2 decimol pleces

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