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The Florida Investment Fund buys 58 bonds of the Gator Corporation thru a broker. The...

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Accounting

The Florida Investment Fund buys 58 bonds of the Gator Corporation thru a broker. The bonds pay 10% annual interest. The Yeild to maturity is 12%. The bonds have a 10 year maturity.

a. Comput the price of a bond.

Assume the par value of the bonds is $1,000

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