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If capital markets are efficient, then: a) the yield to maturity on a bond generally equals the IRR b) the yield to maturity on a

If capital markets are efficient, then:

a) the yield to maturity on a bond generally equals the IRR

b) the yield to maturity on a bond generally exceeds the IRR

c) the yield to maturity on a bond is generally lower than the IRR

d) No general trend exists between the yield to maturity and the IRR

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