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Posted on Jul 10, 2024

The approximate yield to maturity of a bond is greater than the stated rate of interest when the: a. market rates of interest decline. b.

The approximate yield to maturity of a bond is greater than the stated rate of interest when the:

a. market rates of interest decline.

b. market rates of interest are constant

c. bond is purchased at face value.

d. bond is purchased at a premium.

e. bond is purchased at a discount.

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