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4. When a bond's yield to maturity is much less than its coupon rate, the bond is selling at: a. a premium b. a discount

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4. When a bond's yield to maturity is much less than its coupon rate, the bond is selling at: a. a premium b. a discount c. par value. d. There is not enough information provided to correctly answer this question. 5. If a bond sells at a premium, then which of the following relationships hold true? (Po represents the current price of a bond and YTM is the bond's yield to maturity.) a. Po the coupon rate. b. Po > par and YTM > the coupon rate. c. Po > par and YTM

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