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Question 28 (1 point) Which of the following is true about yield to maturity (YTM) of a bond? (1) it is the discount rate used

Question 28 (1 point) Which of the following is true about "yield to maturity (YTM)" of a bond? (1) it is the discount rate used to value a bond (11) it represents the "nominal interest rate" of a bond (III) it indicates that bond is held to maturity (IV) it indicates the effective interest rate on the bond O(II) only (1). (III) and (IV) only (1) only (1) and (III) only

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