ulo Pary Fruits Ine. has a S 1200. 13 year bond outstanding with a nominal yleld of 17 percent (coupon equals 17% . S 1200-S204 per year) Assume thane ament market repleed ite est rate n si ilar bonds s now only 12 percent Use Appendb B and Appendix D for an approxcimate answer but calculate your inal answer using the formala and Snancial calculator methods a. Compute the current price of the bond (Do not eound intemediate calculations. Round your final answer to 2 decimal places. Assume intecest payments are annual b. Find the present value of 5 percent $1,200 (or $60) for 13 years at 12 percent The 360 is assumed to be an annual payment Add this vakue to $1,200 (Do not round intermediate cakculations. Round your final answer to 2 decimal places. Assume interest payments are annual.) O Type here to search