The Term Structure of Interest Rates Is Upward Sloping for All

Multiple Choice

The term structure of interest rates is upward sloping for all bond types. A certain AAA rated non-callable 10-year corporate bond has been issued at a 6.15 percent promised yield. Which one of the following bonds probably has a higher promised yield?

A) A similar quality municipal bond.
B) A non-callable AAA rated corporate bond with a five-year maturity.
C) A callable AAA rated corporate bond with a 15-year maturity.
D) A non-callable AAA rated convertible corporate bond with a 10-year maturity.
E) All of the options would have a higher promised yield.