Only the wrong answer, letter A. Please make sure answers are clear when handwritten. Thanks.

Lance Whittingham 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 with semiannual payments has 8 percent annual interest and has 20 years remaining to maturity. The current yield to maturity on similar bonds is 12 percent. (Round "PV Factor" to 3 decimal places. Do not round intermediate calculations. Round the final answers to 2 decimal places.) a. What is the current price of the bonds? Use Appendix B and Arpendix D. Current price $ 699.07 b. By what percent will the price of the bonds increase between now and maturity? Price increases by 43.05 % c. What is the annual compound rate of growth in the value of the bonds? (Use Arpendix A) Annual compound rate 1.806 %