the Lone Star Company has $$1,000$ par value bonds outstanding at $9$ percent interest. The bonds will mature in $30$ 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$.$

Bond Price

a$.7$ percent

b$.8$ percent

c$.13$ percent