30. You're looking at two bonds identical in every way except for their coupons and possibly their prices. Both have 12 years to maturity. The first bond has a 5 percent coupon rate and sells for $932.16. The second has a 6 percent coupon rate. What do you think it would sell for? Select one: O a. It will sell for less than $932.16 Ob. It will sell for $932.16 Oc. It will sell for more than $932.16

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Bond Valuation

Bond valuation are the notes issued by the corporation to raise long-term funds for the business. The corporations are required to pay the interest on such liabilities at a specified rate of interest (termed as coupon rate) at specified dates which may be on semi-annual or annual basis. These interest payments may be in the form of coupons.