Question
If a bonds yield to maturity exceeds its coupon rate, then The bond will sell at par. The bonds YTM will decrease over time to
If a bonds yield to maturity exceeds its coupon rate, then
The bond will sell at par.
The bonds YTM will decrease over time to match the coupon rate.
The bond will sell at a premium over par.
The bonds coupon rate will increase over time to match the YTM.
The bond will sell at a discount to par.
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Finance Capital Markets Financial Management And Investment Management
Authors: Frank J. Fabozzi, Pamela Peterson Drake
1st Edition
0470407352, 978-0470407356
