Two bonds have a coupon rate of 4.25 percent,semi-annual payments,face values of $1,000,and yields to maturity of 5.1 percent.Bond S matures in 4 years and bond L matures in 8 years.What is the difference in the current prices of these bonds?
A) $24.86
B) $25.78
C) $26.40
D) $27.38
E) $28.02
Correct Answer:
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