Question: 5. (5 points). If the yield curve is flat, which bond offers a better yield to maturity? X or Y? Bond X is a 5-year

 5. (5 points). If the yield curve is flat, which bond

5. (5 points). If the yield curve is flat, which bond offers a better yield to maturity? X or Y? Bond X is a 5-year bond, and bond Y is a 30-year bond

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