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26-04-2024
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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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