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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 90 bonds of the Levine Corporation through its broker. The bonds
pay 11 percent annual interest. The yield to maturity (market rate of interest) is 14 percent. The bonds have a
20-year maturity. Payments are semiannual.
a. Compute the price of a bond. only on financial calculator way
b. Compute the total value of the 90 bonds only financial calculator

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