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5. Given the following zero-coupon bond yields, compare the yield to maturity for a three-year, zero-coupon bond; a three-year coupon bond with 4% annual coupons;

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5. Given the following zero-coupon bond yields, compare the yield to maturity for a three-year, zero-coupon bond; a three-year coupon bond with 4% annual coupons; and a three-year coupon bond with 10% annual coupons. All of these bonds are default free. Which of the following statement is incorrect? a) The collection of zero-coupon yields is the yield curve. b) The present value of the three-year coupon bond with 4% coupon is greater than 876.29. c) Yield to maturity and discount rate are the same for zerocoupon bonds. d) The present value of the three-year coupon bond with 10% coupon is less than 1000

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