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Bond A and bond both pay annual coupons, mature in 9 years, have a face value of $1000, pay their next coupon in 12 months,

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Bond A and bond both pay annual coupons, mature in 9 years, have a face value of $1000, pay their next coupon in 12 months, and have the same yield-to-maturity. Bond A has a coupon rate of 6.5 percent and is priced at $1,055.13. Bond B has a coupon rate of 7.4 percent. What is the price of bond B? a $1,124.60 (plus or minus $4) b. $1,002.31 (plus or minus $4) C. $1,062.30 (plus or minus $4) d. $1,000.00 (plus or minus $4) e. None of the above is within 54 of the correct

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