Beeker Software Solutions recently issued corporate bonds, each with a face value of $100,000. These bonds pay semi-annual coupons at a rate of 9.2% p.a., and have 6 years remaining till maturity. The bonds are currently selling at a price of $115,000 each.

Determine the fair value of these bonds to you, given your required rate of return is 10.5% p.a. Then discuss if you would invest in the corporate bonds of Beeker Software Solutions.