Question
A bond is issued at par. Immediately after the first coupon payment in six months, the yield to maturity on comparable bonds rises. Which of
A bond is issued at par. Immediately after the first coupon payment in six months, the yield to maturity on comparable bonds rises. Which of the following statements is true?
| The current yield is less than the coupon rate. | ||
| The current yield is less than the yield to maturity | ||
| The coupon rate is greater than the yield to maturity. | ||
| The coupon rate equals the yield to maturity |
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Dark Finance
Authors: Fabio Mattioli
1st Edition
1503611655, 978-1503611658
