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E6.7 (LO5) (Computation of Bond Prices) What would you pay for a $100,000 debenture bond that matures in 15 years and pays $10,000 a year in interest if you wanted to earn a yield of: a. 8%? b. 10%? c. 12%? E6.15 (LO2, 3) (Investment Decision) Derek Lee just received a signing bonus of $1,000,000. His plan is to invest this payment in a fund that will earn 6%, compounded annually Instructions a. If Lee plans to establish the DL Foundation once the fund grows to $1,898,000, how many years until he can establish the foundation? b. Instead of investing the entire $1,000,000, Lee invests $300,000 today and plans to make 9 equal annual investments into the fund beginning 1 year from today. What amount should the payments be if Lee plans to establish the $1,898,000 foundation at the end of 9 years