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Consider 2, 30-year bonds with annual 8% coupon payments. Bond X has 1 year until maturity. Bond Y has 25 years until maturity. If the

image text in transcribed Consider 2, 30-year bonds with annual 8% coupon payments. Bond X has 1 year until maturity. Bond Y has 25 years until maturity. If the current yield to maturity on both bonds is 5%, what is the price of each bond if the face value of both bonds is $1,000

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