Bonds is selling for the lowest price

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Reference no: EM13939346

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%

Reference no: EM13939346

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