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Which of the Following Securities Has the Highest Yield to Maturity

Question 10

Multiple Choice

Which of the following securities has the highest yield to maturity?


A) An on-the-run Treasury bond with ten years to maturity
B) An on-the-run Treasury bond with twenty years to maturity
C) An off­the­run Treasury bond with twenty­four years to maturity​
D) An off-the-run Treasury bond with twelve years to maturity

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