Firm Alpha issues one million face value nice percent semi-annual coupon bonds at a price to yield eight percent compound semiannually. Firm Bravo issues one million face value, seven percent semi-annual coupon bonds at a price to yield eight percent compound semi-annually. Both bond issues mature in twenty years. Will these firms receive the same the same initial issue price for these bonds?
Will these firms receive the same the same initial issue price for these bonds?
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