Exodus Limousine Company has $$1,000$ par value bonds outstanding at $11$ percent interest. The bonds will mature in $30$ years with annual payments. Use Appendix B and Appendix D$.$

Compute the current price of the bonds if the current yield to maturity is: $($Round $"$PV Factor" to $3$ decimal places. Do not round intermediate calculations. Round the final answers to $2$ decimal places.$)$

Price of the

bond

a$.6$ percent $

b$.16$ percent