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PLEASE PROVIDE EXPLANATION - NO HANDWRITING PLS, SHOW CALCULATIONS AND EXPLAIN SO I MAY LEARN PLS. THANK YOU. WILL GIVE THUMBS UP. Which of the

PLEASE PROVIDE EXPLANATION - NO HANDWRITING PLS, SHOW CALCULATIONS AND EXPLAIN SO I MAY LEARN PLS. THANK YOU. WILL GIVE THUMBS UP.

Which of the following $1000 face value bonds has the lowest yield to maturity?

  1. A 5% coupon bond selling for $1000.

  2. A 7% coupon bond selling for $900.

  3. A 15% coupon bond selling for $1000.

  4. A 15% coupon bond selling for $950.

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