What is the current price per bond

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Of the 2 bonds, which is the better buy?

Given a bond with 20 year maturity that pays coupons 4 times per year, 8% interest rate & is selling to yield 6%. What is the current price per bond?

The other bond pays once per year, 20 year maturity, 8% coupon, selling to yield 6.2 percent. What is the current price of the bond?

Reference no: EM13910306

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