Question: =+P617 Bond value and changing required returns Bond X has a coupon rate of 8% and Bond Y pays a 4% annual coupon. Both bonds

=+P6–17 Bond value and changing required returns Bond X has a coupon rate of 8% and Bond Y pays a 4% annual coupon. Both bonds have 10 years to maturity. The yield to maturity for both bonds is now 8%.

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