Ron fihodes cals hes broker to inquire abcut purctiasing a bond of Goksen Years Recreation Cosporation. His broker quotes a price of 51.330 Ron is concemed that the bond might be overpticed based on the facts involved. The $1.000 par value bond pays 13 percent onnusl nsterest poyoble semimnesaly. and has to years remiaining until maturity. The current yield to maturity on similar bonds is 12 percent. a. Compule the new price of the boad. (Use a Financial calculator to artive at the answers. Do not round intermediate calculations. Apund the final answer to 2 decimat places) New price ot time bend 5 b. Do you think the bond is overpoiced? No Yes