XXX bonds have a 15-year maturity, $1,000 par value, and a 6% coupon paid semiannually, and those
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XXX bonds have a 15-year maturity, $1,000 par value, and a 6% coupon paid semiannually, and those bonds sell at their par value.YYY bonds have the same risk, maturity, and par value, but the YYY bonds pay a 5.5% quarterly coupon.At what price should the quarterly payment bond sell?
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