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  3. bonds a and b both have $10,000 face values, have

Bonds A and B both have $10,000 face values, have 10% coupon rates, and sell...

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Finance

Bonds A and B both have $10,000 face values, have 10% coupon rates, and sell with yields-to-maturity of 9%. However, bond A has a 20-year term-to-maturity, whereas bond B has a five-year term-to-maturity. Calculate the prices of the two bonds. Despite having the same yields, why is one bond's price different from the other's

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