Consider the following two bonds that pay interest annually: Bond Coupon Rate Time-to-Maturity A 5% 2 years B 3% 2 years At a market discount rate of 4%, the price difference between BondBper 100 of par value is closest to: A: 3.70. B: 3.77. C: 4.00.
Consider the following two bonds that pay interest annually: Bond Coupon Rate Time-to-Maturity A 5% 2 years B 3% 2 years At a market discount rate of 4%, the price difference between BondBper 100 of par value is closest to: A: 3.70. B: 3.77. C: 4.00.
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