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A bond is currently trading below par. Which of the following must be true about that bond? Select one: A . The bond's yield to
A bond is currently trading below par. Which of the following must be true about that bond?
Select one:
A The bond's yield to maturity is less than its coupon rate.
B The bond is a zerocoupon bond.
C The bond's yield to maturity is greater than its coupon rate.
D B or C above
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
