Lance Whitingham iV specializes in buying deep discount bonds. These represent bonds that are trading at well below par value. He has his eye on a bond issued by the Leisure Time Corporation. The $1,000 par value bond pays 7 percent annual interest and has 16 years temaining to maturity. The current yield to maturity on similar bonds is 10 percent. Use ApDendix B and ARPendix. D for an approximate answer but calculate your final answer using the formula and financlal calculator methods. a. What is the current pnce of the bonds? Note: Do not round intermediate colculations. Round your final onswer to 2 decimal places. Assume interest payments are annual. b. By what percent wat the pice of the bonds increase between now and maturity? Note: Do not round intermediete colculations. Input your onewer as a percent rounded to 2 decimal pleces. Lance Whitingham iV specializes in buying deep discount bonds. These represent bonds that are trading at well below par value. He has his eye on a bond issued by the Leisure Time Corporation. The $1,000 par value bond pays 7 percent annual interest and has 16 years temaining to maturity. The current yield to maturity on similar bonds is 10 percent. Use ApDendix B and ARPendix. D for an approximate answer but calculate your final answer using the formula and financlal calculator methods. a. What is the current pnce of the bonds? Note: Do not round intermediate colculations. Round your final onswer to 2 decimal places. Assume interest payments are annual. b. By what percent wat the pice of the bonds increase between now and maturity? Note: Do not round intermediete colculations. Input your onewer as a percent rounded to 2 decimal pleces