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Which of the following risk-free, coupon bonds has the highest price? Group of answer choices a) One with a face value of $1,000,000, nominal interest
Which of the following risk-free, coupon bonds has the highest price?
Group of answer choices
a) One with a face value of $1,000,000, nominal interest rate of 6.5%, a YTM of 6.4%, and 10 years to maturity
b) One with a face value of $1,000,000, nominal interest rate of 5.0%, a YTM of 4.5%, and 3 years to maturity
c) One with a face value of $1,000,000, nominal interest rate of 5.5%, a YTM of 5.0%, and 5 years to maturity
d) One with a face value of $1,000,000, nominal interest rate of 6.0%, a YTM of 6.0%, and 7 years to maturity
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