The Wild Rose Company has $1,000 par value (maturity value) bonds outstanding at 9 percent interest. The bonds will mature in 20 years with annual payments. Compute the current price of the bonds if the present yield to maturity is: (Use a Financial calculator to arrive at the answers. Do n round intermediate calculations. Round the final answers to 2 decimal places.) Ron Rhodes calls his broker 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 overpriced based on the facts involved. The $1,000 par value bond pays 15 percent annual interest payable semiannually, and has 15 years remaining until maturity. The current yleld to maturity on similar bonds is 14 percent. a. Compute the new price of the bond. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answer to 2 decimal places.) New price of the bond b. Do you think the bond is overpriced? No Yes Lance Whittingham IV specializes in buying deep discount bonds. These represent bonds that are trading at weil 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 17 years remaining to maturity. The current yield to maturity on similar bonds is 10 percent. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answers to 2 decimal places.) a. What is the current price of the bonds? Current price b. By what percent will the price of the bonds increase between now and maturity? Price increases by c. What is the annual compound rate of growth in the value of the bonds? Annual compound rate