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4 . You are looking at two bonds identical in every way except for their coupons and, of course, their prices. Both have 1 2

4. 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% coupon rate and sells for $935.08. The second has a 12% coupon rate. Gives interest rate is 11%. What do you think it would sell for?

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