Question
If a bond is selling for a discount, which of the following is true about the yields? a. Coupon Rate = Current Yield = Yield
If a bond is selling for a discount, which of the following is true about the yields?
| a. | Coupon Rate = Current Yield = Yield to Maturity | |
| b. | None of the available answers are correct. | |
| c. | Coupon Rate > Current Yield > Yield to Maturity | |
| d. | Coupon Rate < Current Yield < Yield to Maturity |
Which of the following is a bond cash flow?
| Tax swap | ||
| Coupon payment | ||
| Current yield | ||
| Yield to call |
Generally, fixed-income investors are subject to which of the following risks?
| a. | Interest rate risk. | |
| b. | Purchasing power risk. | |
| c. | All of the available choices are correct. | |
| d. | Default risk. |
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The New Public Finance
Authors: Inge Kaul, Pedro Condeicao
1st Edition
0195179978, 978-0195179972
