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Assuming the current economy is normal and the face value of a bond is $ 1 , 0 0 0 , which one of the
Assuming the current economy is normal and the face value of a bond is $ which one of the following is incorrect about the market price of a bond, face value, coupon rate, and YTM A If the current price of a bond is $ the coupon rate is higher than the YTM B If YTM is the same with the coupon rate, we say the bond trades at par. C A zero coupon bonds always trade at par. D The coupon rate is always lower than the YTM when the current bond price is less than its face value. E As interest rates in the economy fluctuate, the bond yields that investors demand will also change.
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