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Randy purchased Bond F last year when the market interest rate was 11.2%. The bond has an 8% annual coupon rate, making semi-annual coupon payments,

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Randy purchased Bond F last year when the market interest rate was 11.2%. The bond has an 8% annual coupon rate, making semi-annual coupon payments, and has 10 years remaining to maturity. Assuming the bond is priced correctly and is currently selling for $1,120, how does the yield to maturity (YTM) compare to the current yield? YTM > current yield Not enough information to determine

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