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A company has two bonds outstanding. The first matures after five years and has a coupon rate of 8.25 percent. The second matures after 10

A company has two bonds outstanding. The first matures after five years and has a coupon rate of 8.25 percent. The second matures after 10 years and has a coupon rate of 8.25 percent. Interest rates are currently 10%. What is the present price of each $1000 bond? (Think about why they might be different)

Bond A

Bond B

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