Compute the total value of the ninty-two bonds

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The Florida Investment Fund buys 92 bonds of the Gator Corporation through a broker. The bonds pay 9 percent annual interest. The yield to maturity (market rate of interest) is 10 percent. The bonds have a 15-year maturity.
Using an assumption of semiannual interest payments:

Problem a. Compute the price of a bond

Problem b. Compute the total value of the 92 bonds.

Reference no: EM132987232

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