Question
A bond has a face value that exceeds its market price. Which one of these features currently applies to this bond? a Yield to maturity
A bond has a face value that exceeds its market price. Which one of these features currently applies to this bond?
| a | Yield to maturity less than the coupon rate. |
| b | Yield to maturity greater than coupon rate. |
| c | Premium bond. |
| d | Yield to maturity equal to the coupon. |
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, William J. Kretlow
11th Edition
0324653506, 978-0324653502
