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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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