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QUESTION 8 Bonds X and Y are identical, including the risk class. The only difference between A and B is in the coupon payment as
QUESTION 8
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Bonds X and Y are identical, including the risk class. The only difference between A and B is in the coupon payment as shown below.
Bond X Bond Y Face value $1,000 $1,000 Annual Coupon Payment $120 $130 Payment Frequency Semiannual Annual Years to maturity 15 15 Price $919.43 ? A. $956.95
B. $1,007.15
C. $940.92
D. $973.44
E. $925.88
F. $989.75
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