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The Frush Corporation has two different bonds currently outstanding Bond M has a face value of $10,000 and matures in 20 years. The bond makes

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The Frush Corporation has two different bonds currently outstanding Bond M has a face value of $10,000 and matures in 20 years. The bond makes no payments for the first six years, then pays $1,200 every six months over the subsequent eight years, and finally pays $1,500 every six months over the last six years Bond N also has a face value of $10,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. The required return on both these bonds is 6 percent compounded semiannually What is the current price of Bond M and Bond N? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g, 32.16.) Bond M Bond N References eBook & Resources Worksheet Difficulty 3 Section B 1 Bonds and Bond Chalenges valiation Check my work O Type here to search

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