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The current yield is a good approximation to the yield to maturity when: ( Check all that apply. ) A . the coupon rate of
The current yield is a good approximation to the yield to maturity when:
Check all that apply.
A the coupon rate of the bond is higher than its yield to maturity.
B the bond is a shortterm bond.
C the bond price is very close to par.
D the maturity of the bond occurs over a tenyear period.
E the current bond price is below its face value.
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