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A bond with a 10 year maturity and a coupon rate of 9% and a face value of $1000 is priced at $980. Let the

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A bond with a 10 year maturity and a coupon rate of 9% and a face value of $1000 is priced at $980. Let the yield to maturity be denoted by y. Which of the following statements is true? y > 9.00% y = 9.00% y times the face value equals the coupon rate y

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