Lance Whittingham IV specialize 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 $1000 power value bond pays 4% annual interest and has 18 years remaining to maturity. The current yield to maturity on similar bonds is 14%. calculate your final answer using formula and financial calculator methods.

A. what is the current price of the bonds?

Do not round intermediate calculations round your final answer to 2 decimals. Assume interest payments are annual.

Current price of the bond:$_______

By what percent will the price of the bonds increase between now and maturity?

Do not round intermediate calculations and put your answer as a percent rounding to 2 decimals.

Percentage increase in price of bond:$______