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False or truth? 1) Zero-coupon bonds are always selling at a discount 2) Because of the interest rate risk, the YTM on long-term bonds is
False or truth? 1) Zero-coupon bonds are always selling at a discount 2) Because of the interest rate risk, the YTM on long-term bonds is usually higher than the YTM on short-term bonds 3) All junk bonds have sinking fund provisions
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