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A bond which has a coupon interest rate lower than the yield to maturity will sell for a price a below par b at par
A bond which has a coupon interest rate lower than the yield to maturity will sell for a price
a below par
b at par
c above par
d what is equal to the face value of the bond plus the value of all interest payments
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
2nd Edition
0521514088, 9780521514088
