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The yield to maturity (YTM) is: a. the rate that equates the price of the bond with its discounted cash flows b. the expected rate

The yield to maturity (YTM) is:

a. the rate that equates the price of the bond with its discounted cash flows

b. the expected rate to be earned if the bond is held to maturity

c. all of these

d. the rate is used to determine the market price of the bond

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