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Consider a bond maturing in exactly 1 0 years with an annual coupon of 7 % and a price of $ 9 7 5 .

Consider a bond maturing in exactly 10 years with an annual coupon of 7% and a price of $975. Its yield to maturity
IS________
its coupon rate.
A.
equal to
B. none of these alternatives
c. lower than
D. higher than

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