Question: Consider three 5 year bonds; each has a face value of $100. All bonds mature at the same date. All bonds pay annual coupons at

Consider three 5 year bonds; each has a face value of $100. All bonds mature at the same date. All bonds pay annual coupons at the same time. The coupons and current prices for the three bonds are:

BondCouponPrice

A$10.00$103.89

B$7.00$91.3050

C$9.00______

Based on the information, what is the continuously compounded yield (YTM) on Bond C?

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