Question
If the YTM on the following bonds are identical except, what is the price of bond B? Bond A Bond B Face value $1,000 $1,000
If the YTM on the following bonds are identical except, what is the price of bond B?
Bond A Bond B
Face value $1,000 $1,000
Semiannual coupon $45 $35
Years to maturity 20 20
Price $1,098.96 ?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
