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9. Which investment should I choose? Bond K: Municipal bond, Price $18,000, Par-$20,000, Coupon rate=7% (semiannual coupons), 10 years to maturity Bond L: Municipal bond,

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9. Which investment should I choose? Bond K: Municipal bond, Price $18,000, Par-$20,000, Coupon rate=7% (semiannual coupons), 10 years to maturity Bond L: Municipal bond, Price $5,200, Par-$5,000, Coupon rate-8% (semiannual coupons), 7 years to maturity A. Bond K B. Bond L C. They are equivalent, so both are the same D. Not enough info

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