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ks: When the Yield to Maturity of a bond is higher than the coupon rate, the trading price of the bond is _____________ (higher, lower)
ks: When the Yield to Maturity of a bond is higher than the coupon rate, the trading price of the bond is _____________ (higher, lower) than the par or face value of the bond. We would say that this bond is trading at a ______________ (premium, discount).
a. lower, premium
b. higher, premium
c. lower, discount
d. higher, discount
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