Larry's Bank buys 58 bonds of the Puppet House Corp. through a broker. The bonds pay 10 percent annual interest. The yield to maturity (market rate of interest) is 12 percent. The bonds have a 10 year...

Larry's Bank buys 58 bonds of the Puppet House Corp. through a broker.  The bonds pay 10 percent annual interest.  The yield to maturity (market rate of interest) is 12 percent.  The bonds have a 10 year maturity.

Using an assumption of semi-annual interest payments:

A. Compute the price of a bond.

B. Compute the total value of the 58 bonds.