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Select one: The yield to maturity on a discount bond is a. equal to the coupon rate. b. has no relationship to the coupon rate.

Select one:

The yield to maturity on a discount bond is

a. equal to the coupon rate.

b. has no relationship to the coupon rate.

c. greater than the coupon rate.

d. less than the coupon rate.

e. greater than the par value.

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