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Bonds X and Y are identical, including the risk class. The only difference between A and B is in the coupon payment as shown below.

Bonds X and Y are identical, including the risk class. The only difference between A and B is in the coupon payment as shown below. Bondy Face value Annual Coupon Payment Payment Frequency Years to maturity Price Bond X $1.000 $120 Semiannual 15 $934.71 Bond Y $1,000 $130 Annual 15 What is the price of bond Y

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