Two bonds have a coupon rate of 5.25%, semiannual payments, face values of $1,000, and yields to maturity of 6.1%. Bond B matures in 5 years and bond Q matures in 10 years. What is the difference in the current prices of these bonds?
A) $25.26
B) $26.78
C) $27.40
D) $28.38
E) $29.02
Correct Answer:
Verified
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