b1. Using semiannual compounding, the price of the bond is $ (Round to the nearest cont.)

Using semiannual compounding, find the prices of the following bonds: a. A 8.2%, 15-year bond priced to yield 5.7%. b. A 7.4%, 10-year bond priced to yield 9.9%. c. A 11.5%, 20-year bond priced at 9.0%. Repeat the problem using annual compounding. Then comment on the differences you found in the prices of the bonds. a1. Using semiannual compounding, the price of the bond is $ (Round to the nearest cent.)