Using semiannualcompounding, find the prices of the followingbonds:

a. A 8.1%, 15-year bond priced to yield 5.7%.

b. A 7.2%, 10-year bond priced to yield 9.6%.

c. A 11.2%, 20-year bond priced at 8.8%.

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