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9. A 10-year annual coupon bond yielding 8 percent has one-year remaining to maturity and just made a coupon payment. The bond currently trades at

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9. A 10-year annual coupon bond yielding 8 percent has one-year remaining to maturity and just made a coupon payment. The bond currently trades at a premium. Which of the following statements is CORRECT? a. The bond's coupon must be less than 8 percent. b. If the yield to maturity remains at 8 then the bond's price will decline over the next year. c. If the yield to maturity increases then the bond's price will increase. d. If the yield to maturity remains at 8 percent, then the bond's price will remain the same over the next year

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