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A 10-year corporate bond has an annual coupon payment of 9 percent. The bond is currently selling at par. True or False?: The bonds current

A 10-year corporate bond has an annual coupon payment of 9 percent. The bond is currently selling at par.
True or False?: The bonds current yield is 9 percent and will become higher if the maturity becomes longer than 10 years, everything else equal.

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