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You may attempt this question 3 more times for credit You are trying to price two bonds that have the same maturity and par value

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You may attempt this question 3 more times for credit You are trying to price two bonds that have the same maturity and par value but different coupon rates and different required rates of return Both bonds mature in 3 years and have par values of 51000 Ore bond has a coupon rate of 7% and required rate of return of 7% The other bond has a coupon rate of 5% and a required rate of return of 5% What is the absolute value of the difference between the price of these two bonds? SI des You should set your calculator for at least four decimal places of accuracy, I'll remind you of this from time to time but this is a working rule throughout the semester Place your answer in dollars and cents. Do not include a dollar sign or comma in your answer. This is another rule that it remind you of but should be a working rule throughout the semester n CHECK

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