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9. Five years ago, ABC Inc. issued 25-year fixed coupon bonds at par. Since then the bond's yield-to- maturity (YTM) has decreased by 1.5%. Based

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9. Five years ago, ABC Inc. issued 25-year fixed coupon bonds at par. Since then the bond's yield-to- maturity (YTM) has decreased by 1.5%. Based on this information, which of the following is true regarding the current market price of the bond? a. The bond is selling at discount. When YTM increase, price decreases. If originally s b. The bond is selling at premium. The bond is selling at book value. at par, now selling at less than par = selling at a dis C. d. The bond is selling at par. e. Insufficient information

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