Business, 22.04.2020 03:31 lilpeepxliltracy

The Florida Investment Fund buys 70 bonds of the Gator Corporation through a broker. The bonds pay 8 percent annual interest. The yield to maturity (market rate of interest) is 10 percent. The bonds have a 20-year maturity. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

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The Florida Investment Fund buys 70 bonds of the Gator Corporation through a broker. The bonds pay 8...