The Florida Investment Fund buys 58 bonds of the Gator Corporation through a broker. The bonds pay 10 percent annual interest. The yield to maturity (market rate of interest) is 12 percent. The bonds have a 10-year maturity. Using an assumption of semiannual interest payments: Compute the price of a bond (refer to Semiannual Interest and Bond Prices in Chapter 10 for review if necessary). Compute the total value of the 58 bonds.