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Which of the following bonds from the same issuer will trade at the lowest price? A 5 -year straight bond with a coupon rate of

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Which of the following bonds from the same issuer will trade at the lowest price? A 5 -year straight bond with a coupon rate of 5% that is unsecured A 5 -year straight bond with a coupon rate of 5% that is secured A 5 -year callable bond with a coupon rate of 5% that is unsecured They will all trade at the same price

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