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The Milken Investment Fund buys 9 0 bonds of the Levine Corporation through its broker. The bonds pay 1 1 percent annual interest. The yield
The Milken Investment Fund buys bonds of the Levine Corporation through its broker. The bonds
pay percent annual interest. The yield to maturity market rate of interest is percent. The bonds have a
year maturity. Payments are semiannual.
a Compute the price of a bond. only on financial calculator way
b Compute the total value of the bonds only financial calculator
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