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If the coupon rate on an outstanding bond is lower than the relevant current interest rate, then the yield to maturity will be: a.higher than
If the coupon rate on an outstanding bond is lower than the relevant current interest rate, then the yield to maturity will be:
a.higher than the coupon rate.
b.lower than current interest rates.
c.equal to the coupon rate.
d. lower than the coupon rate.
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