Barry's Steroids Company has $1,000 par value bonds outstanding at 16 percent interest. The bonds will mature in 40 years.

If the percent yield to maturity is 13 percent, what percent of the total bond value does the repayment of principal represent?Assume interest payments are annual. UseAppendix BandAppendix Dfor an approximate answer but calculate your final answer using the formula andfinancial calculator methods.(Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)