What is the difference in the current prices of the bonds

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Problem 1: You are considering two bonds. Both have semiannual, 6% coupons. $1,000 face values, and yields to maturity of 6.5% Bond S matures in 5 years and Bond L matures in 10 years. What is the difference in the current prices of these bonds?

A) $12.67
B) $15.29
C) $13.52
D) $14.67
E) $12.51

Reference no: EM132805601

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