Using semiannual compounding, find the prices of the following bonds:

A. A 10.3%, 15-year bond priced to yield 8.0%

B. A 7.3%, 10-year bond priced to yield 9.6%

C. A 12.4%, 20-year bond priced at 10.1%.

Repeat the problem using annual compounding.Then comment on the differences you found in the prices of the bonds.