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Sneezatrin Cold Products, Inc. has two bond issues outstanding. Both bonds have a face value of $1,000 and a 10 percent coupon rate. Both bonds

Sneezatrin Cold Products, Inc. has two bond issues outstanding. Both bonds have a face value of $1,000 and a 10 percent coupon rate. Both bonds make annual coupon payments. Bond L matures in 15 years, while Bond S matures in one year. If each bond has a yield to maturity of 5%, what will be the value of S and L?

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