You are looking at two bonds identical in every way except for their coupons and, of course,
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You are looking at two bonds identical in every way except for their coupons and, of course, their prices. Both have 12 years to maturity. The first bond has a 10 per cent annual coupon rate and sells for $935.08. The second has a 12 per cent annual coupon rate. What do you think it would sell for?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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