Kilgore Natural Gas has a $$1,000$ par value bond outstanding that pays $12$ percent annual interest. The current yield to maturity on such bonds in the market is $10$ percent. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Compute the price of the bonds for these maturity dates:Bond Price

a$.40$ years

b$.25$ years

c$.6$ year