Question
If an American Water Company bond has a coupon rate of 9% and is selling for $890, then the yield to maturity (market interest rate)
If an American Water Company bond has a coupon rate of 9% and is selling for $890, then the yield to maturity (market interest rate) must be ____ .
greater than 9%
equal to 9%
less than 9%
cannot be determined
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77861671, 978-0077861674
