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Which of the following bonds should have the highest market value? A.a zero coupon bond with 10 years maturity B.a discount bond with 7% coupon
Which of the following bonds should have the highest market value?
A.a zero coupon bond with 10 years maturity
B.a discount bond with 7% coupon rate maturing in 7 years
C.a premium bond with 9% coupon rate and 4 years left to maturity
D.a discount bond with 9% coupon rate and 4 years left to maturity
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