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T11. A 25-year bond with an 9% annual coupon has a yield to maturity of 9%. Which of the following statements is correct? The bond's

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A 25-year bond with an 9% annual coupon has a yield to maturity of 9%. Which of the following statements is correct? The bond's current yield is less than 9%. The bond is selling at par. The bond is selling at a discount. The expected capital gains yield on this bond is positive. The bond is selling at a premium

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