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2 available bonds for purchase. Given the following, which is the better buy given their present value? answer in excel format . Issued 2015 2019

2 available bonds for purchase. Given the following, which is the better buy given their present value? answer in excel format. Issued 2015 2019 Par Value 1,000 1,000 Coupon rate 4.00% 3.25% Payment 40 32.5 Term (years) 25 25 Years to Maturity 2040 2044 Asking price 1,025.00 950.00 Current interest rate 3.75% 3.75%

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