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Suppose a 10-year bond issued by Whirlpool, rated BBB, has a yield to maturity (YTM) of 7%. Then, if you buy and hold the Whirlpool
Suppose a 10-year bond issued by Whirlpool, rated BBB, has a yield to maturity (YTM) of 7%. Then, if you buy and hold the Whirlpool bond until maturity, will your return per year be exactly 7%, greater than or equal to 7%, or less than or equal to 7%? greater than or equal to 7% less than or equal to 7% exactly 7%
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