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Midland Oil has $ 1 , 0 0 0 par value bonds outstanding at 1 8 percent interest. The bonds will mature in 2 0

Midland Oil has $1,000 par value bonds outstanding at 18 percent interest. The bonds will mature in 20 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: 10 percent, 11 percent, 12 percent
Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.

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