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1. A Treasury bond has a 10% annual coupon and a 10.5% yield to maturity. Which of the following statements is CORRECT? * A. The

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1. A Treasury bond has a 10% annual coupon and a 10.5% yield to maturity. Which of the following statements is CORRECT? * A. The bond sells at a price below par. B. The bond has a current yield less than 10%. C. The bond sells at a discount. D. A&C E. None of the above

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