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The yield to maturity on a 1 0 - year coupon bond ( with face value = $ 1 , 0 0 0 and annual
The yield to maturity on a year coupon bond with face value $ and annual coupon rate is This implies:I.the price of this bond is $IIthe price of this bond is greater than $III.the price of this bond is less than $IVthe buyer of this bond will receive $ from the bond issuer every year before maturity while holding the bond.
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