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A corporate bond pays a 6% annual coupon and the appropriate yield to maturity is 6%. Which of the following statements is CORRECT? The bond
A corporate bond pays a 6% annual coupon and the appropriate yield to maturity is 6%. Which of the following statements is CORRECT?
The bond makes coupon payments quarterly. | ||
The bond sells at a price equal to the par value. | ||
The bond sells at a premium to the par value. | ||
The bond sells at a discount to the par value. |
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