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I have 2 identical bonds issued by the same company with Identical yearly coupon rates, face value, and maturity dates. The only difference is that

I have 2 identical bonds issued by the same company with Identical yearly coupon rates, face value, and maturity dates. The only difference is that one pays a 4% annual coupon once at the end of the year and the other pays 1% at the end of each quarter. which has the higher yield to maturity?

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