1. You are trying to price two bonds that have the same maturity and par value but different coupon rates. Both bonds mature in 8 years and at maturity both bonds return the par value of $1,000. One bond has a coupon rate of 3% and a yield to maturity of 3%. The other bond has a coupon rate of 5% and a yield to maturity of 3%. What is the absolute value of the difference between the prices of these two bonds?
2. a.$ 67.33
3. b.$ 119.43
4. c.$ 140.39
5. d.$ 0e.$ 62.10