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If the coupon rate ______ the required rate of return (i.e. yield to maturity), the price of a bond _____ par value. A) equals; equals

If the coupon rate ______ the required rate of return (i.e. yield to maturity), the price of a bond _____ par value.

  1. A) equals; equals

  2. B) exceeds; is less than

  3. C) is less than; exceeds

  4. D) A, B, and C are correct

  5. E) Only B and C are correct

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