Quiz 14.46 – Comparison of Bond Prices with Different Interest Rates and Market Rates

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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Bond X and Bond Y have a maturity value of $100,000 and mature in 10 years. Bond X pays 8% interest and Bond Y pays 9% interest. The current market rate of interest is 8%. What is the correct answer?

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