TABLE 3.9 END-OF-YEAR PAYMENTS Bond C Year 1 Year 2 Year 3 Bond A 100 100 100+ 1,000 Bond B 50 50 50+ 1,000 0 0 0 + 1,000 Bond D 0+ 1,000 0 0 Consider the four bonds having annual payments as shown in Table 3.9. All of the bonds have a 15% yield. Which bond has the highest price? Bond B Bond C Bond A Bond D