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Business, 19.03.2020 21:02 suzy61

Based on what you learned about how the relationship between coupon rate and yield to maturity determine the relationship between price and par, rank the following bonds from lowest to highest value:

a. An 8% coupon bond with a yield of 9%
b. A bond with a coupon rate of 3% when yields are 2%
c. A bond that pays a coupon of $60 and has a yield to maturity at 6%

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