Question: QUESTION 2 4 points Save Answer Dr. Mohamed's X bonds have a 60 months to maturity, $1,000 par value, and a 5.5% coupon paid quarterly,

 QUESTION 2 4 points Save Answer Dr. Mohamed's X bonds have

QUESTION 2 4 points Save Answer Dr. Mohamed's X bonds have a 60 months to maturity, $1,000 par value, and a 5.5% coupon paid quarterly, and those bonds sell at their par value. Dr. Mohamed's Y bonds have the same risk, maturity, and par value, but the A bonds pay a 8% semiannual coupon. At what price should the annual payment bond sell? 897.65 1108 989.16 1098.16 1110.18 1106.26

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