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If you invest in a $ 1 , 0 0 0 bond and pay a price of $ 9 2 5 , and the coupon
If you invest in a $ bond and pay a price of $ and the coupon rate on the bond is
what is your "Current Yield" on your investment?
a Below the coupon rate because you paid less than face value
b Equal to the coupon rate because you paid less than face value
c
d
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