Lab Assignment Chapter 16 Saved 1 The Milken Investment Fund buys 52 bonds of the Levine Corporation through its broker

 Lab Assignment Chapter 16 Saved 1 The Milken Investment Fund buys 52 bonds of the Levine Corporation through its broker. The bonds pay 7 percent annual interest. The yield to maturity (market rate of interest) is 12 percent. The bonds have a 10-year maturity. Assume the par value of the bonds is $1,000. Using an assumption of semiannual interest payments, (Use a Financial calculator to arrive at the answers. Enter positive values as answers. Round the final answers to 2 decimal places.) 10 points a. Compute the price of the bond. Skipped Price of the bond $ b. Compute the total value of the 52 bonds. eBook Total value