The Milken Investment Fund buys 70 bonds of the Levine Corporation through its broker. The bonds pay

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The Milken Investment Fund buys 70 bonds of the Levine Corporation through its broker. The bonds pay 8 percent annual interest. The yield to maturity (market rate of interest) is 10 percent. The bonds have a 20-year maturity. Assume the par value of the bonds is $1,000. Using an assumption of semiannual interest payments,(Use a Financial calculator to arrive at the answers. Enter positive values as answers. Round the final answers to 2 decimal places.)

Posted Date: Jun 06, 2024 02:12 PM

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The Milken Investment Fund buys 70 bonds of the Levine Corporation through its broker. The bonds pay

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