. Yield for a portfolio (10 points)

Consider a portfolio that includes the following four bonds:

Bond	Coupon Rate	Years to Maturity	Par Value	Yield to Maturity
A	3.5%	4	$10,000,000	3.75%
B	5.5%	6	$15,500,000	5.25%
C	7.5%	8	$20,000,000	8.00%
D	8.5%	10	$30,000,000	8.25%
E	9.5%	12	$25,000,000	9.65%

(1) Assuming semiannual compounding, calculate the market value of each individual bond (Bond A, Bond B, Bond C, Bond D, and Bond E). What is the market value of the portfolio? (2 points)

(2) What is the yield for the portfolio?