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Which of the following $1,000 face value securities has the highest yield to maturity? A. 5 percent coupon bond selling for $1,000 B. 10 percent
Which of the following $1,000 face value securities has the highest yield to maturity?
A. 5 percent coupon bond selling for $1,000
B. 10 percent coupon bond selling for $1,100
C. 15 percent coupon bond selling for $1,000
D. 15 percent coupon bond selling for $900
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