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Although coupon paying bonds are generally issued (sold) with a market price equal to the bond's face (par) value, a bond's yield-to-maturity (required return) changes

Although coupon paying bonds are generally issued (sold) with a market price equal to the bond's face (par) value, a bond's yield-to-maturity (required return) changes with changes in general interest rates, a bond's perceived default risk, and changes in a bond's remaining time to maturity with the simple passage of time. Accordingly, match the relationship of a bond's yield-to-maturity (i) and coupon rate (CR) with the relationship of its its market price (P) and face value (F).

1. I=CR

2. I

3. I>Cr

A: P=F

B: P>F

C: P

Match which one goes with which.

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