Two bonds have a coupon rate of 5.25 percent,semi-annual payments,face values of $1,000,and yields to maturity of 6.1 percent.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) $25.26
B) $26.78
C) $27.40
D) $28.38
E) $29.02
Correct Answer:
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