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Canyon Buff Enterprise just issued a three-year, zero-coupon corporate bond at a price of $74. You have purchased this bond and intend to hold it
Canyon Buff Enterprise just issued a three-year, zero-coupon corporate bond at a price of $74. You have purchased this bond and intend to hold it until maturity. What is the expected return on your investment if there is no chance of default?
Cannot be determined | ||
Expected return < Yield to Maturity | ||
Expected return > Yield to Maturity
| ||
Expected return = Yield to Maturity |
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