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

a. A10.4%,15-year bond priced to yield9.3%.

b. A5.6%,10-year bond priced to yield6.7%.

c. A12.9%,20-year bond priced at11.8%.Repeat the problem using annual compounding. Then comment on the differences you found in the prices of the bonds.

Using semiannual compounding, the price of the bond is

$