**** I can't figure out how to get the annuity payments to include into the formula for calculations! Please help! ****

The Lone Star Company has $1,000 par value bonds outstanding at 9 percent interest. The bonds will mature in 17 years. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Compute the current price of the bonds if the present yield to maturity is. (Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.)

A. 7 percent: Bond price?

B. 9 percent: Bond price?

C. 13 percent: Bond price?

Appendlx B (concluded) Present value of $1 Appendix D Present value of an annuity of 51,PVF/APVA=A[1(1+i)211] Appendla D (concluded) Present value of an annuity of $1