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The yield to maturity is: Equal to the current yield for bonds priced at par. The rate that is used to determine the market price
- The yield to maturity is:
- Equal to the current yield for bonds priced at par.
- The rate that is used to determine the market price of the bond.
- The expected rate to be earned if held to maturity.
- The rate that equates the price of the bond with the discounted cash flows.
- All of the above.
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
