Applied Software has $1,000 par value bonds outstanding at 17 percent interest. The bonds will mature in 20 years. Use Appendix B and Appendix D.

Compute the current price of the bonds if the present yield to maturity is (Round "PV Factor" to 3 decimal places, intermediate and final answers to 2 decimal places. Omit the "$" sign in your response):

	Price of the bond
(a) 12 percent	$
(b) 14 percent	$
(c) 17 percent	$

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