Question: Without using excel and with real computations please answer this question by showing the different steps and calculations: Bond A Bond B Face Value $1000

Without using excel and with real computations please answer this question by showing the different steps and calculations:

Bond A Bond B
Face Value $1000 $1000
Semiannual Coupon $50 $40
Years to maturity 25 25
Price 115000 ?

Exercise 3:

If the following bonds are identical except for coupon, what is the price of bond B?

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