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Which of the Following $1,000 Face-Value Securities Has the Highest

Question 14

Multiple Choice

Which of the following $1,000 face-value securities has the highest yield to maturity?


A) A 5 percent coupon bond selling for $1,000
B) A 10 percent coupon bond selling for $1,000
C) A 12 percent coupon bond selling for $1,000
D) A 12 percent coupon bond selling for $1,100

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