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A 20 -year bond has an annual coupon rate of 10%. The coupon rate will remain fixed until the bond matures. The bond has a

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A 20 -year bond has an annual coupon rate of 10%. The coupon rate will remain fixed until the bond matures. The bond has a yield to maturity of 8%. Which of the following statements is CORRECT? The bond is selling at a price greater than its par value. The bond is selling at par. The bond is selling at a price less than the par value The bond's current yield is greater than its coupon rate

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