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A bond has a market price that is less than its face value. Which of the following features currently apply to this bond? I. discounted

A bond has a market price that is less than its face value. Which of the following features currently apply to this bond? I. discounted yield II. premium price III. yield-to-maturity that exceeds the coupon rate IV. yield-to-maturity that is less than the coupon rate

A. III only

B. I and III only

C. I and IV only

D. II and III only

E. II and IV only

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