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10. The current yield is a good approximation to the yield to maturity when: a. The bond price is very close to par. b. The

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10. The current yield is a good approximation to the yield to maturity when: a. The bond price is very close to par. b. The bond is a short-term bond. c. The current bond price is below its face value. d. The coupon rate of the bond is higher than its yield to maturity. e. The maturity of the bond occurs over a ten-year period

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