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A bond is traded at discount and pays an annual coupon rate of 8%. Which one of the following is true about its yield to

A bond is traded at discount and pays an annual coupon rate of 8%. Which one of the following is true about its yield to maturity (YTM)

A) YTM is higher than 8%.

B) YTM is lower than 8%.

C) YTM is equal to 8%.

D) Not enough information to determine.

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