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John Rahm purchased a bond today for a price that of $1120.55 and pays a 5% annual coupon rate? What is true about the yleld

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John Rahm purchased a bond today for a price that of $1120.55 and pays a 5% annual coupon rate? What is true about the yleld to maturity of the bond? Multiple Choice The yleld to maturity is greater than 5%. We need the maturity of the bond to solve this problem. The yleld to maturity is less than 5% The yield to maturity will equal 5%

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