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Which of the Following $5,000 Face-Value Securities Has the Highest

Question 25

Multiple Choice

Which of the following $5,000 face-value securities has the highest yield to maturity?


A) A 6 percent coupon bond selling for $5,000
B) A 6 percent coupon bond selling for $5,500
C) A 10 percent coupon bond selling for $5,000
D) A 12 percent coupon bond selling for $4,500

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