Jim Busby calls his broker to inquire about purchasing a bond of Disk Storage Systems. His broker quotes a price of $$1,180.$ Jim is concerned that the bond might be overpriced based on the facts involved. The $$1,000$ par value bond pays $14$ percent interest, and it has $25$ years remaining until maturity. The current yield to maturity on similar bonds is $12$ percent. Compute the new price of the bond and comment on whether you think it is overpriced in the marketplace.