Question
A 10-year bond pays an annual coupon, its YTM is 8%, and it currently trades at a discount. Which of the following statements is CORRECT?
A 10-year bond pays an annual coupon, its YTM is 8%, and it currently trades at a discount. Which of the following statements is CORRECT?
| The bonds coupon rate is less than 8% | ||
| The bonds coupon rate is more than 8% | ||
| The bonds coupon rate is equal to 8% | ||
| The bonds current yield is equal to 8% | ||
| The bonds current yield is less than 8%. |
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Risk Management And Financial Institutions
Authors: John C. Hull
3rd Edition
1118269039, 9781118269039
