Question
The yield to maturity of a bond is the discount rate that makes the present value of the coupon and principal payments __________. a. equal
The yield to maturity of a bond is the discount rate that makes the present value of the coupon and principal payments __________.
| a. equal to the price of the bond |
| b.equal to zero |
| c. greater than the price of the bond |
| d. less than the price of the bond |
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
