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If the price on an outstanding bond is less than the face value, then the yield-to-maturity will be: less than the current market interest rates.

If the price on an outstanding bond is less than the face value, then the yield-to-maturity will be:

less than the current market interest rates.

equal to the coupon rate.

greater than the coupon rate.

less than the coupon rate.

greater than the current market interest rates.

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