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A bond has a par value of $ 1 , 0 0 0 , a time to maturity of 2 0 years, a coupon rate
A bond has a par value of $ a time to maturity of years, a coupon rate of with interest paid annually, a current price of $ and a yield to maturity of Intuitively and without using calculations, if interest payments are reinvested at the realized compound yield on this bond must be:
A None of the options are intuitively correct.
B
C
D
E
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