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3) Which of the following $5,000 face-value coupon bond with maturity 5 years has the highest yield to maturity? A) a 5 percent coupon bond
3) Which of the following $5,000 face-value coupon bond with maturity 5 years has the highest yield to maturity? A) a 5 percent coupon bond with a price of $4500 B) a 5 percent coupon bond with a price of $4400 C) a 6 percent coupon bond with a price of $4500 D) a 6 percent coupon bond with a price of $4400
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