Which of the following

riskminus

free,

zerominus

coupon

bonds could be bought for the lowest price?

A.

one with a face value of $1,000, a YTM of 6.8%, and 10 years to maturity

B.

one with a face value of $1,000, a YTM of 5.9%, and 20 years to maturity

C.

one with a face value of $1,000, a YTM of 4.8%, and 5 years to maturity

D.

one with a face value of $1,000, a YTM of 3.2%, and 8 years to maturity