Midland Oil has $1,000 par value bonds outstanding at 18 percent interest. The bonds will mature in 25 years.

Compute the current price of the bonds if the present yield to maturity is: (Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.)

Bond Price

a. 10 percent ________

b. 11 percent ________

c. 15 percent ________