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12. a Which of the following is correct for a bond currently selling at a pre- mium to par? A. Its current yield is higher

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12. a Which of the following is correct for a bond currently selling at a pre- mium to par? A. Its current yield is higher that its coupon rate. B. Its current yield is lower than its coupon rate. C. Its yield to maturity is higher than its coupon rate. D. Its default risk is extremely low. E. None of the above

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