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Bond J and Bond K are both zero - coupon, $ 1 , 0 0 0 face value bonds that have the same YTM .

Bond J and Bond K are both zero

-

coupon, $

1, 000

face value bonds that have the same

YTM

.

Bond J has a term of

10

years and Bond K has a term of

15

years. If the price of Bond J is

607.89,

what is the price of Bond K

?

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