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53. The yield to maturity on a bond is A. below the coupon rate when the bond sells at a discount and equal to the

53. The yield to maturity on a bond is

A.

below the coupon rate when the bond sells at a discount and equal to the coupon rate when the bond sells at a premium.

B.

the risk adjusted interest rate that will set the present value of all the cash flows from the bond equal to the market price of the bond

C.

based on the assumption that any payments received are reinvested at the coupon rate.

D.

None of the options

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