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The Morgan Corporation has two different bonds currently outstanding. Bond M has a face value of $ 1 0 , 0 0 0 and matures
The Morgan Corporation has two different bonds currently outstanding. Bond has a face value of $ and matures in years.
The bond makes no payments for the first six years, then pays $ every six months over the subsequent eight years, and finally
pays $ every six months over the last six years. Bond also has a face value of $ and a maturity of years; it makes no
coupon payments over the life of the bond. The required return on both these bonds is percent compounded semiannually.
What is the current price of Bond and Bond Do not round intermediate calculations. Round the final answers to decimal
places. Omit $ sign in your response.
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