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Business, 12.11.2019 20:31 juandguardado7045

Bond x and bond y are both issued by the same company. each of the bonds has a face value of $100,000 and each matures in 10 years. bond x pays 8% interest while bond y pays 7% interest. the current market rate of interest is 7%. which of the following is correct?
both bonds will sell for the same amount.
bond x will sell for more than bond y.
both bonds will sell at a premium.
bond y will sell for more than bond x.

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Bond x and bond y are both issued by the same company. each of the bonds has a face value of $100,00...

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