Question: 9 . Which ( $ 1 , 0 0 0 ) bond has the higher yield to maturity, a 2 0 -

9. Which \(\$ 1,000\) bond has the higher yield to maturity, a 20-year bond selling for \(\$ 800\) with a current yield of \(15\%\) or a 1-year bond selling for \(\$ 800\) with a current yield of \(5\%\)?

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