Question
A bond with a face value of $1000 is trading at a $1070.24. The bond has a 10-year maturity and a 8% coupon paid annually.
A bond with a face value of $1000 is trading at a $1070.24. The bond has a 10-year maturity and a 8% coupon paid annually. For this bond the relationship between coupon rate (CR) and current yield (CY) and YTM is correctly described by which of the following?
| A. | CR < CY > YTM | |
| B. | CR > CY < YTM | |
| C. | CR > CY < YTM | |
| D. | CR = CY > YTM | |
| E. | CR > CY > YTM
|
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The Economics Of Money Banking And Finance
Authors: Keith Bain, Peter Howells
1st Edition
0582278007, 9780582278004
