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Ms. Gayatri purchased a bond at a price of Rs. 104,800 that pays a coupon of 8% and a face value of Rs 100,000. This

Ms. Gayatri purchased a bond at a price of Rs. 104,800 that pays a coupon of 8% and a face value of Rs 100,000. This bond matures in 5-years from now. After investing in the bond yesterday She heard about another opportunity that pays a higher coupon of 9% at a price of Rs. 108,918.50 and a maturity of 5 years. She is anxious to know whether she made a mistake buying the 8% bond.

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