Which of these $100 face value one-year bonds will have the highest yield to maturity and why?
Question:
Which of these $100 face value one-year bonds will have the highest yield to maturity and why?
a. 6 percent coupon bond selling for $85.
b. 7 percent coupon bond selling for $100.
c. 8 percent coupon bond selling for $115.
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Muhammad Umair
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Related Book For 
Money Banking And Financial Markets
ISBN: 9780073375908
3rd Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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