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A bond's YTM is 12% and coupon rate is 10%. Then its current yield is _________. a. equal to 12% b. equal to 10% c.

A bond's YTM is 12% and coupon rate is 10%. Then its current yield is _________.

a. equal to 12%

b. equal to 10%

c. lower than 12%This is the correct answer.

d. Not enough information.

e. greater than 12%

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