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Two bonds have face value $1000, redeemable at par in n-years and both bought to yield j2 = 8%. Bond 1 has coupon rate j2
Two bonds have face value $1000, redeemable at par in n-years and both bought to yield j2 = 8%. Bond 1 has coupon rate j2 = 12.7% and sells for $1406.36. Bond 2 has coupon rate j2 = 6.35% and sells for SP. What is the value of P? O A $900 or more, but less than $950 O B. Less than $850 OC. $850 or more, but less than $900 OD $950 or more
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