Which of the following bonds is selling for the lowest
Which of the following bonds is selling for the lowest price?
a. 10 year 10% annual bond with YTM = 10%
b. 10 year 10% annual bond with YTM= 9%
c. 10 year 10% annual bond with YTM= 11%.
d. 10 year 10% semi-annual bond with YTM = 11%
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