Question
Suppose that a bond is purchased at a discount (meaning that it is sold for less than face value). Could the yield to maturity ever
Suppose that a bond is purchased at a discount (meaning that it is sold for less than face value). Could the yield to maturity ever be less than the coupon rate? Could the rate of return be less than the coupon rate? Explain.
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
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