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14.5. Which of the following bonds offers the highest yield (YTM)? a) 7-year bond with a 3% coupon trading at par b) 20-year bond with
14.5. Which of the following bonds offers the highest yield (YTM)? a) 7-year bond with a 3% coupon trading at par b) 20-year bond with a 4% coupon trading at a 15% premium to par c) 10-year bond with 4% coupon trading at a 15% discount to par d) 15-year bond with a 4% coupon trading at a 15% discount to par
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