Transcribed image text: Two bonds have a coupon rate of 8.2 percent, semi-annual payments, face values of

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Transcribed image text: Two bonds have a coupon rate of 8.2 percent, semi-annual payments, face values of $1,000, and yields to maturity of 7.6 percent, Bond matures in 4 years and bond L matures in 15 years. (a) 3 points) What is the price of Bond S? Use the formula (b) 6 points) What is the price of Bond L? Use the formula. Paragraph BI 66 111 Path

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Transcribed image text: Two bonds have a coupon rate of 8.2 percent, semi-annual payments, face values of

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