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Which of the following $5000 face-value securities has the lowest yield-to-maturity? A) 12% coupon bond selling for $4500 B) 6% coupon bond selling for $5000
Which of the following $5000 face-value securities has the lowest yield-to-maturity?
A) 12% coupon bond selling for $4500
B) 6% coupon bond selling for $5000
C) 6% coupon bond selling for $5500
D) 10% coupon bond selling for $5000
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