CASE ANALYSIS - INSPIRON INC. The following comprehensive assessment is based on a continuing case study of Inspiron Inc. The following financial statements have been provided: PART B 10 Marks Based on the results of the pro-forma statement in part A above, Inspiron Inc. is considering reducing its financing by retiring some of its long-term debt (bonds). While the company's bonds recently traded on the secondary market at a selling price of 120% of par, the Finance Manager is trying to ascertain if this was a reasonable price given current market conditions and the company's credit ratings. Details of the company's bond are provided below: Required: Given a current yield to maturity of 7.5%, based on similar bonds in the market, what price would an investor be willing to accept from Inspiron Inc. for $1,000 face value of this bond? (10 Marks)