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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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