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Question #4: An investor has two bonds in his portfolio that have a face value of $1,000 and pay a 10% annual coupon. Bond L

Question #4: An investor has two bonds in his portfolio that have a face value of $1,000 and pay a 10% annual coupon. Bond L matures in 15 years, while Bond S matures in 1 year. What will the value of each bond be if the going interest rate is 5%, 8%, and 12%? Assume that only one more interest payment is to be made for Bond S at its maturity and that 15 more payments are to be made on Bond L

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