Discount bond issued by y has a payout

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A one-year discount bond issued by X has a payout of $550 and today's price is $510. A one-year discount bond issued by Y has a payout of $2,290 and today's price is $2,055. Then the bond issued by X has a ____ yield than the bond issued by Y, and this could be because Y has a ____ default risk.

Reference no: EM131865322

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