Which of the following bond has the best value to an investor to buy?

a)

A 5 percent coupon bond priced at $1,000

b)

A 10 percent coupon bond priced at $1,000

c)

A 15 percent coupon bond priced at $1,000

d)

A 20 percent coupon bond priced at $1,000

e) A zero-coupon bond priced at $1,000