Question
A 14-year bond pays an annual coupon, its YTM is 10%, and it currently trades at a discount. Which of the following statements is CORRECT?
A 14-year bond pays an annual coupon, its YTM is 10%, and it currently trades at a discount. Which of the following statements is CORRECT?
| A. The bonds coupon rate is more than 10% | ||
| B. The bonds coupon rate is less than 10% | ||
| C. The bonds coupon rate is equal to 10% | ||
| D. The bonds current yield is equal to 10% | ||
| E. The bonds current yield is more than 10% |
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Fundamentals Of Financial Planning
Authors: Michael A Dalton, Joseph Gillice
3rd Edition
1936602091, 9781936602094
