Midland Oil has $

$1$

$,$

$0$

$0$

$0$

$$par value bonds outstanding at

$2$

$0$

$$percent interest. The bonds will mature in

$1$

$5$

$$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:

$9\%,10\%,12\%$

Note: Do not round intermediate calculations. Round your final answers to

$2$

$$decimal places. Assume interest payments are annual.