Bonds X and Y are identical, including the risk class. The only difference between A and B

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Bonds X and Y are identical, including the risk class. The only difference between A and B is in the coupon payment as shown below.

Bond XBond YFace value$1,000$1,000Annual Coupon Payment$120$130Payment FrequencySemiannualAnnualYears to maturity1515Price$950.39?

What is the price of bond Y?

A.$1,007.15

B.$989.75

C.$925.88

D.$973.44

E.$956.95

F.$940.92

Posted Date: May 18, 2024 08:15 PM

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Bonds X and Y are identical, including the risk class. The only difference between A and B

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