Which of the following 1000 face value securities has the
Which of the following $1,000 face value securities has the highest yield to maturity?
A) a 12% coupon bond selling for $1,100
B) a 10% coupon bond selling for $1,000
C) a 5% coupon bond selling for $1,000
D) a 12% coupon bond selling for $1,000
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