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

A company has two bonds outstanding. The first matures after five years and has a coupon rate of 8.25%. The second matures after 10 years and has a coupon rate of 8.25%. Interest rates are currently 10%. What is the present price of each $1,000 bond? Why are these prices different?

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