Which bond has the greater yield to maturity

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Reference no: EM131556087

Two bonds, A and B, are equivalent in every way but convexity (they are of equivalent credit quality and would have exactly the same duration if they were forced to sell at a price that produced the same yield to maturity.) However, Bond A has more convexity.

Which bond has the greater yield to maturity? Why?

Reference no: EM131556087

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