Question: *Just need solution* - - - - - - - - - - - - - - - - - - - - - -

 *Just need solution* - - - - - - - -

*Just need solution*

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - Consider two bonds. Bond S has maturity of 5 years, annual coupon rate of 10%, face value $1,000. Bond L has maturity 20 years, annual coupon rate of 10%, and face value $1,000. Both bonds have YTM equal to 10%. Which bond trades at a higher price? A. Bond S B. Bond L c. They both trade at the same price D. Cannot tell

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