Two bonds have a coupon rate of 6.5 percent,semi-annual payments,face values of $1,000,and yields to maturity of 7.1 percent.Bond S matures in 6 years and bond L matures in 12 years.What is the difference in the current prices of these bonds?
A) $15.26
B) $16.19
C) $17.40
D) $18.38
E) $19.02
Correct Answer:
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