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15) 035; (10 points) A broker receives an order for three bonds: (a) 7% bond (pays interest on March and September maturing on September 15,

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15) 035; (10 points) A broker receives an order for three bonds: (a) 7% bond (pays interest on March and September maturing on September 15, 2025; (b) 5.5% bond (pays interest on May and November 1) maturing on May 1, 2 and (c) 10% bond (pays interest on January and July 8) maturing on July 8, 2020, All three bonds pay semi-annual interest and the current market interest rate is 9% (for all three). 5, (a) (4 points) What prices would the broker quote for each of the three bonds if the sale is settled on November 26, 2018? Show your work. (b) (4 points) How much accrued interest would the buyer need to pay on each of the bond? Show your work (c) (2 points) How much would the buyer actually pay for each of the bond? Show your work

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