Which of the following $1,000 face value securities has the highest yield to maturity?
A. A 5 percent coupon bond selling for $1,000
B. A 10 percent coupon bond selling for $1,000
C. A 12 percent coupon bond selling for $1,000
D. A 12 percent coupon bond selling for $1,100
Answer:C
Which of the following $1,000 face value securities has the highest yield to maturity?
A. A 5 percent coupon bond selling for $1,000
 B. A 10 percent coupon bond selling for $1,000
 C. A 12 percent coupon bond selling for $1,000
 D. A 12 percent coupon bond selling for $1,100
