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Business, 24.10.2019 17:43 stefkellum58

Bond a pays annual coupons, pays its next coupon in 1 year, matures in 16 years, and has a face value of 1,000 dollars. bond b pays semi-annual coupons, pays its next coupon in 6 months, matures in 18 years, and has a face value of 1,000 dollars. the two bonds have the same yield-to-maturity. bond a has a coupon rate of 11.98 percent and is priced at 1,926.16 dollars. bond b has a coupon rate of 11.68 percent. what is the price of bond b?

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