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If the following bonds are identical except for coupon, what is the price of bond B? Bond A Face value $1,000 Semi-annual Coupon $38 Years

If the following bonds are identical except for coupon, what is the price of bond B?

Bond A Face value $1,000 Semi-annual Coupon $38 Years to maturity 20 Price $1,098.96 Bond B Face value $1,000 Semi-annual Coupon $35 Years to maturity 20 price ?

  1. $901.04
  2. $960.44
  3. $925.31
  4. $1,033.35
  5. $1,079.63

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