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If a 10 year bond with a coupon rate of 5 percent is selling at $1040, which of the following statements about this bond is
If a 10 year bond with a coupon rate of 5 percent is selling at $1040, which of the following statements about this bond is correct?
A:) its current yield is more than its yield to maturity
B:) its coupon rate is less than both of its current yield and yield to maturity
C:) its current yield is more than 5 percent
D:) its yield to maturity is more than 5 percent
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