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If the coupon rate on a bond is 6% and the bond is trading at a DISCOUNT TO PAR, than the yield (YTM) should be:
If the coupon rate on a bond is 6% and the bond is trading at a DISCOUNT TO PAR, than the yield (YTM) should be: {Hint: Think about the coupon, yield and price relationship) A. less than 6%. B. equal to 6%. C. greater than 6%. D. cannot be determined
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