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2. M Corporation has two different bonds currently outstanding. Bond X has a face value of $4000 and matures in 10 years. The bond makes
2. M Corporation has two different bonds currently outstanding. Bond X has a face value of $4000 and matures in 10 years. The bond makes no payments for the first 6 years and then pays $160 every six months over the last 4 years. Bond y also has a face value of $4000 and a maturity of 10 years; it makes no coupon payments over the life of the bond. The required return on both bonds is 5% compounded semiannually, what is the current price of bond X and bond Y? Price of X = $ Price of Y = $
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