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1 point) Each of the following bonds has the same yield rate and a face value of $1000. Bond 1: Redeemable at par in 10

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1 point) Each of the following bonds has the same yield rate and a face value of $1000. Bond 1: Redeemable at par in 10 years, annual coupons at 8%, sells at a discount. Bond 2: Redeemable at par in 10 years, annual coupons at 6%, sells at a discount. Bond 3: Redeemable at par in 20 years, annual coupons at 6%, sells at a discount. Which of the following statements regarding the prices of these bonds is true? A. Price Bond 1> Price Bond 2, Price Bond 2 > Price Bond 3 B. Price Bond 1 > Price Bond 2, nd 2 C. Price Bond 2 > Price Bond 1, Price Bond 3 > Price Bond 1 D. Price Bond 2 > Price Bond 1, Price Bond 2 > Price Bond 3 Price Bond 3> Price Bo

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