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The yield to maturity on long-term bonds a. is equal to the current yield if the bond is selling for face value. b. is equal

The yield to maturity on long-term bonds

a. is equal to the current yield if the bond is selling for face value.

b. is equal to the coupon rate on the bond.

c. is equal to the net present value of the bond's future cash flows.

d. is set by the indenture agreement and will not change over the life of the bond.

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