Ron Rhodes calls his brokei to inquire about purchasing a bond of Golden Years Recreation Corporation. His broker quotes a price of $1,170. Ron is concerned that the bond might be overpiced based on the facts involved. The $1,000 par value bond pays 15 percent annual interest payable semiannually, and has 15 years remaining until matuity. The current yieid to maturity on similar bonds is 14 percent a. Compute the new price of the bond. (Use a Finoncial calculator to arrive ot the onswers. Do not round intermediate coleulotions. Round the finol onswer to 2 decimal ploces.) New price of the bond b. Do you think the bond is overpriced? No Yes