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J Which of the following statements is correct? Current yield is the ratio of annual coupon payment divided by the par value. If a bond

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Which of the following statements is correct? Current yield is the ratio of annual coupon payment divided by the par value. If a bond is at a discount, the coupon rate is less than the current yield, which is less than YTM. When the coupon rate is higher than the market rate, the bond is priced at a discount. When the market rate is higher than the coupon rate, the bond is priced at a premium

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