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Question
Two bonds have a coupon rate of 6.5 percent, semi-annual payments, face values of $1,000, and yields to maturity of 7.1 percent. Bond S matures in 6 years and bond L matures in 12 years. What is the difference in the current prices of these bonds?A. $15.26
B. $16.19
C. $17.40
D. $18.38
E. $19.02
Answer
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