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Bond X and Bond Y are both zero-coupon, $1,000 face value bonds that have the same YTM. Bond X has a term of 16 years
Bond X and Bond Y are both zero-coupon, $1,000 face value bonds that have the same YTM. Bond X has a term of 16 years and Bond Y has a term of 20 years. If the price of Bond X is $408.99, what is the price of Bond Y
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