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If the yield to maturity (YTM) of your 10% coupon corporate bond has declined since you bought the bond two years ago; the bond's price
- If the yield to maturity (YTM) of your 10% coupon corporate bond has declined since you bought the bond two years ago;
- the bond's price has increased.
- the bond's price has decreased.
c. the bond's annual coupon payment has increased.
d. the bond's annual coupon payment has decreased.
e. b and c.
f. a and d.
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
