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Bond X and bond Y are both issued by the same company on the same day. Each bond has a maturity value of $100,000 and
Bond X and bond Y are both issued by the same company on the same day. Each bond has a maturity value of $100,000 and each pays interest at 4.5%. The current market rate of interest is 4.75% for each bond. Bond X matures in 5 years while bond Y matures in 8 years. Which of the following is correct? Both bonds will sell for the same amount. (B) Both bonds will sell for more than $100,000. Bond X will sell for more than bond Y. Bond Y will sell for more than bond X
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